Nvidia reveals support zone

Note: This section contains information in English only.
Source: Dukascopy Bank SA


During the middle of December, the stock price of Nvidia appeared to be finding support in the 268.00/272.00 zone. The zone acted as resistance in early November. Meanwhile, note that the price recently ignored the support of the 50-day simple moving average near 281.00.

A potential surge of the stock could find resistance in the November and December high levels at 323.00/325.00, before aiming at the all-time-high level at 346.12.

On the other hand, a decline below the 268.00/272.00 zone might aim at the support of the 230.00 level, which acted as resistance in September and October. However, take into account that the 250.00 and 240.00 levels have show to be capable of providing short term support and resistance.
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