Nvidia may rise to 156.10 - 163.10

Our pivot point is at 124.8.

Our preference

The upside prevails as long as 124.8 is support.

Alternative scenario

The downside breakout of 124.8 would call for 113.6 and 106.8.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 122.6815 and 118.3014).

Supports and resistances

169.9 **

163.1 *

156.1 **

149.4

134.8 (USD-last)

129.2

124.8 **

113.6 *

106.8 **

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