Nvidia closed around 162.85 on Friday, after dipping to around 158 during the session. It has fallen pretty sharply over the past few days and has also hovered near its 52-week low.
$NVDA The near-term support zone is 158 to 160, with 155 to 157 below that. If it breaks below 155, then 148 to 150 comes into view.
To the upside, the first level to watch is 163 to 165, followed by 167 to 170, and then around 172.
For the short term, NVDA is all about whether it can hold 158 to 160. If it does, we can see whether it has a chance to bounce to around 165 or 170.
If it breaks below 158, then it could head to 155 or even 148.
There’s pretty clear resistance at 165 and 170. The U.S. stock market is closed over the weekend, so we’ll see how things look when it opens on Monday. I think it could fall further.
$NVDA The near-term support zone is 158 to 160, with 155 to 157 below that. If it breaks below 155, then 148 to 150 comes into view.
To the upside, the first level to watch is 163 to 165, followed by 167 to 170, and then around 172.
For the short term, NVDA is all about whether it can hold 158 to 160. If it does, we can see whether it has a chance to bounce to around 165 or 170.
If it breaks below 158, then it could head to 155 or even 148.
There’s pretty clear resistance at 165 and 170. The U.S. stock market is closed over the weekend, so we’ll see how things look when it opens on Monday. I think it could fall further.