Nvidia may rise to 150.10 - 155.80

Our pivot point is at 121.

Our preference

The upside prevails as long as 121 is support.

Alternative scenario

Below 121, expect 111.6 and 106.1.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 113.0938 and 97.456).

Supports and resistances

161.5 **

155.8 *

150.1 **

144.3

131.88 (USD-last)

124.6

121 **

111.6 *

106.1 **

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