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NVIDIA Corporation (NVDA) “On a long-term technical basis, the stock (NVDA) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 173.95 and 161.51. If the stock breaks down through support at 173.95 then it will probably continue lower to 161.51. The stock has resistance at 178.89 and at 188.40. If the stock breaks up through resistance at 178.89 then it will probably continue higher to 188.40. The 200-day moving average is at 161.51. This will also act as support. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 173.95 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (44.17).”
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