After the US market closes today, Nvidia is set to report earnings of $0.81 on revenue of $6.01bn. Its share price currently sits around $208.15 a share.

From a technical perspective, Nvidia’s share price is trading around $208.15 a share. The company is expected to report quarterly earnings of $0.81 on revenue of $6.01bn, they’re due today after the US market closes. On the 4-hourly interval, we can see that the lower Bollinger Band support was almost tested late on Tuesday. Currently, the key support level sits at $204.70. A break below this level could see the price fall as low as $200.55 (lower Bollinger Band). On the other hand, a positive earnings report along a resilient support level could see the price grind its way higher. Therefore, resistance above sits at $209.30 then at $211.26 then at $216.10 (middle moving average of the Bollingers). A break above the middle MA may see the price head up to $220 a share, which is roughly where the bearish trend began last week. Looking at MACD, it’s still negative and so is RSI as it reads 35. Although, RSI is floating above ‘oversold’ territory. Given the market sentiment last week and this week, a positive report could see the price edge higher before retreating again. A negative report may just hammer it down further. So investors should be wary of the current market sentiment and its report.