Nvidia may fall to 118.00 - 120.60

Pivot

124.80

Our preference

Short positions below 124.80 with targets at 120.60 & 118.00 in extension.

Alternative scenario

Above 124.80 look for further upside with 127.50 & 130.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

130.00

127.50

124.80

122.31 Last

120.60

118.00

115.25

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