Morgan Stanley price shakes off negative pressure – Forecast today
Nvidia Corporation’s stock price (NVDA) rose in latest intraday trading, trespassing the resistance of the 50-day SMA in an important step aimed at shaking off its negative pressure, with the price tackling the pivotal resistance of $115.10, representing a major fork in the road that will decide the path ahead, with the dominance of the upward correctional trend, coupled with positive signals from the Stochastic despite reaching overbought levels.
Therefore we expect more gains for the price, provided the aforementioned resistance of $115.10 is reliably breached, targeting the next one at $129.00.
Today’s price forecast: Bullish
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