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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 316.32 and 299.00. If the stock breaks down through support at 316.32 then it will probably continue lower to 299.00. The stock will meet resistance at 340.06 and 380.25. If the stock breaks up through resistance at 340.06 then it will probably continue higher to 380.25. The 200-day moving average is at 226.01. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (87.16).”
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