Today’s instrument is the NVIDIA Corp.’s stock traded on the NASDAQ exchange under the ticker NVDA.
Looking at the NVDA ‘s chart, we can see that the stock is in a downward trend, traded at the current level of around $161.50. Today it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect its price to rise towards its resistance level at around $175 otherwise it should test its support level at around $155.
(Click on image to enlarge)
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