NVIDIA Short Term: gap

NVIDIA (NVDA.US)
-1.25-0.86%
as long as 133.2 is support look for 161.4.
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133.2 is our pivot point.

Our preference: as long as 133.2 is support look for 161.4.

Alternative scenario: the downside breakout of 133.2 would call for 124.5 and 119.5.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (142.2358) but above its 50 day moving average (130.9675).

Supports and resistances:
172 **
166.6 *
161.4 **
156
141.98 (USD-last)
136.7
133.2 **
124.5 *
119.5 **

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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