NVIDIA Intraday: the downside prevails as long as 192.21 is resistance
NVIDIA (NVDA.US)
+0.19+0.10%
the downside prevails as long as 192.21 is resistance
Our pivot point is at 192.21.
Our preference: the downside prevails as long as 192.21 is resistance
Alternative scenario: above 192.21, look for 195.07 and 196.77.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 193.53 and 199.70).
Supports and resistances:
196.77 **
195.07 *
192.21 **
191.09
188.14 USD - last
183.72
182.05 **
180.38 *
178.70 **
Our preference: the downside prevails as long as 192.21 is resistance
Alternative scenario: above 192.21, look for 195.07 and 196.77.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 193.53 and 199.70).
Supports and resistances:
196.77 **
195.07 *
192.21 **
191.09
188.14 USD - last
183.72
182.05 **
180.38 *
178.70 **
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