Nvidia Corp. 技術分析 - Nvidia Corp. 交易: 2019-05-16

Lower sales expectations bearish for Nvidia price

Nvidia corporation is forecast to report first quarter revenue drop of over 30%. Will the Nvidia price continue declining?

On the daily timeframe the S-NVDA: D1 is below the 200-day moving average MA(200) which is falling. This is bearish.

• The Parabolic indicator gives a sell signal.
• The Donchian channel indicates downtrend: it is tilted lower.
• The MACD indicator gives a bearish signal: it is below the signal line and the gap is widening.
• The RSI oscillator is falling but has not breached into the oversold zone yet.

We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 157.4. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 184.8. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (184.8) without reaching the order (157.4), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Technical Analysis Summary