Solid News

Nvidia Corp., Technical Analysis

11/29/2022 10:39 AM

Shares of Nvidia Corp., the US video and GPU giant, are in a corrective uptrend around 158.00.

On the daily chart, the price has left the global downward channel with dynamic boundaries of 90.00–151.00, broke the resistance line and reached the initial 23.6% Fibonacci correction around 164.20.

On the four-hour chart, the attempt to consolidate above was unsuccessful, but it is likely that a new test of 164.20 will follow soon, and the target level of the 38.2% Fibonacci retracement at 199.00 will be reached.

Technical indicators maintain a stable buy signal: fast EMAs on the Alligator indicator are above the signal line and expand the range of fluctuations, while the AO oscillator histogram forms new bars in the buy zone.

Find Us
First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines
Call Us
+1 415 367 3742

Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience. Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023