Nvidia: Expected To Rise Towards Its Resistance Level
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.
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