Nvidia touches SMA resistance - Analysis - 25-03-2020

2020-03-25 10:58:59 GMT (Economies.com)
 

Nvidia's stock powered up 17.16% in the last session with positive signals from the RSI, testing the resistance of the 50-day SMA, coinciding with testing the main upward trend line. 

 

Therefore we expect the stock return lower, targeting the pivotal support of 193.50. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0809
-0.0326
2.9264%
1.2267
-0.0188
1.5090%
Tadawul
6752.19
2.50
0.04%
14.417
-0.029
0.201%
28.815
6.987
32.012%
34.94
5.00
16.70%
1620.000
-0.150
0.009%
 
 
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