Oppenheimer Asset Management expressed bullish on Nvidia and included the stock in its "buy" list, emphasizing specific resistance and support levels that investors should pay attention to.
According to the news from the Zhitong Finance and Economics App, Oppenheimer Asset Management expressed bullish on $NVIDIA (NVDA.US)$ , included the stock in its "buy" list, and emphasized specific resistance and support levels that investors should pay attention to.
Oppenheimer Asset Management stated in an investor report: 'The main bullish factors for Nvidia are still the bullish trend of the stock, its high momentum score, and the investment portfolio benefits brought by the relatively strong technology sector. In terms of trading, we believe that Nvidia has shown a positive turning point above its 200-day moving average bullish slope, indicating that the stock is recovering its upward trend.'
In addition, Oppenheimer Asset Management pointed out the key support and resistance levels for Nvidia's stock price that investors should pay attention to. The bank believes that the stock price has a support level at $120, which is its 50-day moving average. In addition, $106 is its 100-day moving average, and $90 is its low point in August. In terms of resistance levels, attention should be paid to $125, $136 (July peak), and $141 (June peak).
Editor/Somer