NVIDIA Intraday: Risk escalating

NVIDIA (NVDA.US)
+3.12+1.44%
The downside prevails as long as 221.58 is resistance, with 212.30 and 209.98 as targets
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Our pivot point is at 221.58.

Our preference: The downside prevails as long as 221.58 is resistance, with 212.30 and 209.98 as targets

Alternative scenario: above 221.58, look for 225.50 and 227.83.

Comment: The asset's price is approaching our pivot level at a critical juncture, leaving little room for the asset to reverse its current trajectory.

Supports and resistances:
227.83 **
225.50 *
221.58 **
220.89 USD - last
212.30
209.98 **
207.66 *

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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