$NVDA NVIDIA Corporation Stock Robo Analyst October 20 2019 #NVDA

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 188.40 and 178.89. If the stock breaks down through support at 188.40 then it will probably continue lower to 178.89. The stock has resistance at 192.81 and at 249.94. If the stock breaks up through resistance at 192.81 then it will probably continue higher to 249.94. The 200-day moving average is at 164.77. 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 188.40 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (78.72).”