NVIDIA Stock Could Rise Towards Resistance

 | May 25, 2022 06:13AM ET

Looking at the NVIDIA's (NASDAQ:NVDA) chart, we can see that the stock is in a downward trend, traded at the current level of around $161.50.

Today it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect its price to rise towards its resistance level at around $175 otherwise it should test its support level at around $155.