Nvidia (US: NVDA) showed signs of recovery with a rebound on 18th March. While the uptrend seems unstoppable, there were signs of a slowdown in buying momentum from the 3rd of April onwards. As such, based on technical, Nvidia may correct downward and test the support level of 230.00.
*The technical call is valid for 3 weeks only.
*Should the immediate support at 275.46 reverse, the likelihood of the Nivida reach 347 is high and should that happen, the formation of expanding or running flat is possible.
Red line = 200 SMA Line
Blue line = 50 SMA Line
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