NVIDIA Short Term: Target level as a potential turning point
NVIDIA (NVDA.US)
+5.14+2.35%
Look for a drop towards 186.75 before a bounce
Our pivot point is at 186.75.
Our preference: Look for a drop towards 186.75 before a bounce
Alternative scenario: below 186.75, expect 173.90 and 166.25.
Comment: Prices are now close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.
Supports and resistances:
241.19 *
233.08 **
224.96
223.96 USD - last
186.75 **
173.90 *
166.25 **
Our preference: Look for a drop towards 186.75 before a bounce
Alternative scenario: below 186.75, expect 173.90 and 166.25.
Comment: Prices are now close to our first target. Reaching this level could trigger a throwback. Conversely, a clear break above it could help drive the asset price higher.
Supports and resistances:
241.19 *
233.08 **
224.96
223.96 USD - last
186.75 **
173.90 *
166.25 **
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.
