NVIDIA Intraday: the RSI is overbought
NVIDIA (NVDA.US)
+0.32+0.14%
The upside prevails as long as 224.57 is support, with 231.29 and 233.09 as targets
Our pivot point is at 224.57.
Our preference: The upside prevails as long as 224.57 is support, with 231.29 and 233.09 as targets
Alternative scenario: below 224.57, expect 221.55 and 219.75.
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. The price is above its 20 and 50 period moving average (respectively at 223.91 and 220.22).
Supports and resistances:
234.89 *
233.09 **
231.29
227.25 USD - last
224.57 **
221.55 *
219.75 **
Our preference: The upside prevails as long as 224.57 is support, with 231.29 and 233.09 as targets
Alternative scenario: below 224.57, expect 221.55 and 219.75.
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. The price is above its 20 and 50 period moving average (respectively at 223.91 and 220.22).
Supports and resistances:
234.89 *
233.09 **
231.29
227.25 USD - last
224.57 **
221.55 *
219.75 **
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