Nvidia may rise to 148.30 - 155.20

114 is our pivot point.

Our preference

As long as 114 is support look for 148.3.

Alternative scenario

Below 114, expect 103 and 96.4.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading under its 20 day moving average (123.8413) but above its 50 day moving average (104.621).

Supports and resistances

161.9 **

155.2 *

148.3 **

141.4

123.54 (USD-last)

118.5

114 **

103 *

96.4 **

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