Nvidia may rise to 1099.00 - 1149.00

Our pivot point is at 854.

Our preference

The upside prevails as long as 854 is support.

Alternative scenario

Below 854, expect 771 and 723.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 879.3725 and 882.4177).

Supports and resistances

1200 **

1149 *

1099 **

1049

924.79 (USD-last)

886

854 **

771 *

723 **

Number of asterisks represents the strength of support and resistance levels.