Nvidia may rise to 152.40 - 161.50

Our pivot point is at 109.5.

Our preference

Our next up target stands at 152.4.

Alternative scenario

Below 109.5, expect 94.6 and 85.8.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 111.9275 and 120.3177).

Supports and resistances

170.6 **

161.5 *

152.4 **

143.3

124.58 (USD-last)

115.4

109.5 **

94.6 *

85.8 **

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