Nvidia may rise to 144.70 - 153.30

103 is our pivot point.

Our preference

Short term rebound.

Alternative scenario

The downside breakout of 103 would call for 89 and 80.6.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above its 20 day moving average (111.5065) but under its 50 day moving average (120.1465).

Supports and resistances

162.1 **

153.3 *

144.7 **

136

118.08 (USD-last)

108.6

103 **

89 *

80.6 **

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