Nvidia may rise to 127.00 - 130.00

Pivot

121.60

Our preference

Long positions above 121.60 with targets at 127.00 & 130.00 in extension.

Alternative scenario

Below 121.60 look for further downside with 119.60 & 117.30 as targets.

Comment

The RSI is above its neutrality area at 50%.

Supports and resistances

133.50

130.00

127.00

123.31 Last

121.60

119.60

117.30

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