Nvidia may fall to 112.40 - 116.50

Pivot

122.00

Our preference

Short positions below 122.00 with targets at 116.50 & 112.40 in extension.

Alternative scenario

Above 122.00 look for further upside with 125.00 & 129.00 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

129.00

125.00

122.00

118.93 Last

116.50

112.40

107.00

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