Why clinching this level is ‘game on' for Nvidia
Portfolio Pulse from
Nvidia's stock is currently under bearish pressure, trading below $140. A technical strategist suggests that the stock could rally if it surpasses key resistance levels.
December 11, 2024 | 2:30 pm
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Nvidia's stock is under bearish pressure, trading below $140. A potential rally is possible if it surpasses key resistance levels.
The stock is currently under bearish pressure, indicating a negative sentiment. However, the mention of a potential rally if key resistance levels are cleared suggests a neutral short-term outlook, as the stock could either continue to decline or rally.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100