Nvidia may fall to 73.60 - 80.60

118.5 is our pivot point.

Our preference

The downside prevails as long as 118.5 is resistance.

Alternative scenario

The upside breakout of 118.5 would call for 131 and 138.5.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 119.874 and 120.3966).

Supports and resistances

138.5 **

131 *

118.5 **

113.6

107.27 (USD-last)

87.5

80.6 **

73.6 *

66.7 **

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