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

Economies.com
2020-03-25 10:58AM UTC

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 

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