NVIDIA Intraday: the upside prevails as long as 108.01 is support
NVIDIA (NVDA.US)
+4.53+4.26%
the upside prevails as long as 108.01 is support
Our pivot point is at 108.01.
Our preference: the upside prevails as long as 108.01 is support
Alternative scenario: below 108.01, expect 105.22 and 103.56.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 108.49 and 104.63).
Supports and resistances:
119.37 **
117.69 *
116.02 **
114.35
110.95 USD - last
109.11
108.01 **
105.22 *
103.56 **
Our preference: the upside prevails as long as 108.01 is support
Alternative scenario: below 108.01, expect 105.22 and 103.56.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 108.49 and 104.63).
Supports and resistances:
119.37 **
117.69 *
116.02 **
114.35
110.95 USD - last
109.11
108.01 **
105.22 *
103.56 **
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