NVIDIA Corporation (NASDAQ:NVDA) was trading about 3.5% higher on Monday, in tandem with the S&P 500, which was spiking up about 2.5% higher.
On Friday, when Nivida closed the trading session by printing an inverted hammer candlestick on the daily chart, a bounce to the upside became the most likely scenario, especially combined with the stock’s relative strength index level, which was in oversold territory.
