NVIDIA Intraday: below its lower Bollinger band

NVIDIA (NVDA.US)
-3.44-1.76%
rebound towards 201.62
image
Our pivot point is at 188.92.

Our preference: rebound towards 201.62

Alternative scenario: below 188.92, expect 185.37 and 183.26.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 194.26 and 197.24). Finally, the Nvidia is trading below its lower Bollinger band (standing at 192.37).

Supports and resistances:
203.78 *
201.62 **
199.47
191.73 USD - last
188.92 **
185.37 *
183.26 **

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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