Nvidia may rise to 155.70 - 161.30

Our pivot point is at 130.

Our preference

The upside prevails as long as 130 is support.

Alternative scenario

The downside breakout of 130 would call for 120.7 and 115.2.

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 above its 20 and 50 day moving average (respectively at 127.7165 and 121.5906).

Supports and resistances

167 **

161.3 *

155.7 **

150.2

138 (USD-last)

133.6

130 **

120.7 *

115.2 **

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