Nvidia may fall to 118.00 - 120.60

Pivot

126.70

Our preference

Short positions below 126.70 with targets at 120.60 & 118.00 in extension.

Alternative scenario

Above 126.70 look for further upside with 130.00 & 133.00 as targets.

Comment

The RSI is around its neutrality area at 50%

Supports and resistances

133.00

130.00

126.70

124.13 Last

120.60

118.00

115.25

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