Nvidia Holds a Key Level
$NVIDIA(NVDA)$
The first pattern is the price area around $131.26. It was the high in August and has more or less represented the bottom of NVDA’s range since mid-October. Has new support been established above old resistance?
Next, stochastics are near an oversold condition.
Third, Study shows the stock declined for five straight sessions. It’s the longest NVDA has been able to keep falling in the last two years. (Streaks of similar length have occurred a few other times in that period.) That may suggest selling pressure has peaked.
Finally, NVDA has tested and held its rising 100-day simple moving average.
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- singsongone 10·01-17坚持努力就是最好的自己LikeReport