NVIDIA Short Term: Look for 201.84

NVIDIA (NVDA.US)
+3.55+1.66%
Under pressure below 225.93, with 201.84 and 196.34 as targets
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Our pivot point is at 225.93.

Our preference: Under pressure below 225.93, with 201.84 and 196.34 as targets

Alternative scenario: above 225.93, look for 235.42 and 241.07.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The price stands below its 20 and 50 period moving average (respectively at 228.18 and 223.08). The Nvidia is trading below its lower Bollinger band (standing at 215.44).

Supports and resistances:
241.07 **
235.42 *
225.93 **
214.13 USD - last
201.84
196.34 **
190.83 *

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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