NVIDIA Intraday: under pressure.

NVIDIA (NVDA.US)
-4.29-4.01%
short positions below 116.70 with targets at 107.10 & 101.50 in extension.
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Pivot: 116.70

Our preference: short positions below 116.70 with targets at 107.10 & 101.50 in extension.

Alternative scenario: above 116.70 look for further upside with 120.00 & 125.40 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:
125.40
120.00
116.70
113.07 Last
107.10
101.50
96.00

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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