Nvidia flashes a technical recovery signal

$NVDA peaked on May 14, several weeks before the broader AI infrastructure trade started to roll over.
It also topped before $SMH and the memory names reached their highs, making Nvidia one of the early leaders in the correction.
Now $NVDA is set to close above its 20-day moving average for the first time since June 2.
The stock has also held the 200-day moving average while flashing a MACD buy signal.
That setup is getting more attention because valuation is reportedly near its lowest level in a decade.
For Nvidia bulls, the key question is whether this becomes the first real technical reset after the AI trade selloff.