NVIDIA receives bullish outlook from Oppenheimer with a "buy" rating Key support and resistance levels to watch
Oppenheimer Asset Management stated that it is bullish on NVIDIA, adding the stock to its "buy" list and emphasizing specific support and resistance levels that investors should pay attention to. In an investor report, Oppenheimer Asset Management said, "The main bullish factors for NVIDIA are still the uptrend of the stock, high momentum scores, and the portfolio benefits brought by the relatively strong technology sector. In terms of trading, we believe NVIDIA has shown a positive turning point above its 200-day moving average slope, indicating a recovery in the upward trend of the stock." Additionally, Oppenheimer Asset Management pointed out the key support and resistance levels for NVIDIA's stock that investors should focus on. The firm believes that the support level for the stock is at $120, which is the 50-day moving average. Furthermore, $106 is the 100-day moving average, and $90 was the low point in August. In terms of resistance levels, $125, $136 (July peak), and $141 (June peak) are worth noting
According to the Zhitong Finance and Economics APP, Oppenheimer Asset Management Company stated that it is optimistic about NVIDIA (NVDA.US) and has included the stock in its "buy" list, emphasizing specific support and resistance levels that investors should pay attention to.
In an investor report, Oppenheimer Asset Management Company stated: "The main bullish factors for NVIDIA are still the uptrend of the stock, high momentum scores, and the portfolio benefits brought by the relatively strong technology sector. In terms of trading, we believe NVIDIA has shown a positive turning point above its 200-day moving average slope, indicating a recovery in the upward trend of the stock."
Furthermore, Oppenheimer Asset Management Company pointed out the key support and resistance levels for NVIDIA's stock that investors should focus on. The company believes that the support level for the stock is at $120, which is the 50-day moving average. In addition, $106 is the 100-day moving average, and $90 was the stock's low point in August. As for resistance levels, $125, $136 (July peak), and $141 (June peak) are the key levels to watch.
