NVIDIA CORPORATION (NVDA) slipped slightly in its latest intraday trading, as the stock searches for a higher low to serve as a base for regaining positive momentum. The price has now retested support at its 50-day simple moving average, while the broader short-term trend remains firmly bullish. Meanwhile, RSI indicators have fallen into extremely oversold territoryexcessively so relative to price actionsuggesting fading negative momentum and rising chances of a rebound.

Therefore, we expect the stock to rise in the upcoming sessions, as long as it holds above the support level of $182.40, targeting the resistance level of $211.30.

Todays price forecast: Bullish