Nvidia may fall to 93.80 - 99.80

Our pivot point is at 129.6.

Our preference

Target 99.8.

Alternative scenario

The upside breakout of 129.6 would call for 139.8 and 146.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (125.436) but above its 50 day moving average (116.1543).

Supports and resistances

146 **

139.8 *

129.6 **

125.6

117.93 (USD-last)

105.6

99.8 **

93.8 *

87.9 **

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