By Licia Leslie
July 19, 2024
Hi Shoppers,
Nvidia (Ticker: NVDA) has support at this level coming from a couple different places.
Here on the pitchfork, it has held support for the last two days:
It also has a possible change in trend hammer created yesterday.
NVDA also has support from the 50 day moving average sitting just below here and the support of the previous low on June 24th:
Watch for an opening trading higher this morning before hopping in.
Resistance comes in at the closing of the gap at $124.58.
Support is at the last two days lows and the pitchfork bottom at $116.60.
Trade Review
I last wrote that Micron Technology (Ticker: MU) had traded out of the box range to the downside and was going to trade lower and boy did it trading down $13.
It may have hit some support on yesterday’s low. Keep an eye for a bounce to $120.32-$122.70.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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