NVIDIA Short Term: the downside prevails as long as 119 is resistance
NVIDIA (NVDA.US)-1.58-1.19%
the downside prevails as long as 119 is resistance.
Our pivot point stands at 119.
Our preference: the downside prevails as long as 119 is resistance.
Alternative scenario: above 119, look for 132.6 and 140.8.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 118.7935 and 118.6108).
Supports and resistances:
140.8 **
132.6 *
119 **
113.6
102.83 (USD-last)
85.7
78.1 **
70.5 *
62.9 **
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