$NVDA
Added 2024-12-30 13:47:27 +0000 UTCPM is showing a lot of red this morning but as we know, always take the PM with a pinch of salt, it is not a clear reflection of how the market will proceed for the day.
Support and resistance levels play the dominant role on how the market will behave.
Right now for $NVDA we have resistance at the 50 Day MA which was also at the green line at $141, so we need a higher low next above $127 and the bulls can make another attempt at breaking above this resistance level
$NVDA losing the $127 will put pressure on the market and then 200 Day MA comes into play at $117.
