NVIDIA Intraday: Rebound expected
NVIDIA (NVDA.US)
+0.55+0.25%
In spite of the current correction, a rebound near 230.28 is expected as long as 221.09 is still intact
Our pivot point is at 221.09.
Our preference: In spite of the current correction, a rebound near 230.28 is expected as long as 221.09 is still intact
Alternative scenario: below 221.09, expect 218.12 and 216.35.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. The price stands above its 20 period moving average (223.94) but below its 50 period moving average (225.98).
Supports and resistances:
232.07 *
230.28 **
228.50
224.53 USD - last
221.09 **
218.12 *
216.35 **
Our preference: In spite of the current correction, a rebound near 230.28 is expected as long as 221.09 is still intact
Alternative scenario: below 221.09, expect 218.12 and 216.35.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. The price stands above its 20 period moving average (223.94) but below its 50 period moving average (225.98).
Supports and resistances:
232.07 *
230.28 **
228.50
224.53 USD - last
221.09 **
218.12 *
216.35 **
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