NVIDIA - competition will increase from ATI
Last Year was an excellent year for Nvidia because we saw small competition from ATI, but I think that this year will be different, the competition will increase and the margins for both companies can decrease, it's only my opinion. NVIDIA will report earnings on 16th February.
According to chart above we can see some resistance to break the 46$ level.
The indicators shows different cenariuos for the future, Full sto and MACD are Bearish but the RSI still Bullish.
Supports 1º medium term - 41$ 2º long term - 36$
Resistance : above 46$ none.
Short term resistance : 45$
That's All. Have a great evening !!!!
AC
