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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 192.81 and 178.89. If the stock breaks down through support at 192.81 then it will probably continue lower to 178.89. The stock has resistance at 217.44. The 200-day moving average is at 168.77. 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 192.81 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (87.16).”
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