Nvidia may fall to 118.50 - 123.00

Pivot

130.00

Our preference

Short positions below 130.00 with targets at 123.00 & 118.50 in extension.

Alternative scenario

Above 130.00 look for further upside with 136.00 & 140.60 as targets.

Comment

The upward potential is likely to be limited by the resistance at 130.00.

Supports and resistances

140.60

136.00

130.00

128.46 Last

123.00

118.50

114.00

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