Nvidia may fall to 115.92 - 117.66

Our pivot point stands at 126.41.

Our preference

The downside prevails as long as 126.41 is resistance.

Alternative scenario

Above 126.41, look for 129.36 and 131.11.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Nvidia is trading under both its 20 and 50 period moving average (respectively at 125.77 and 125.28).

Supports and resistances

131.11 **

129.36 *

126.41 **

125.26

124.07 last

119.39

117.66 **

115.92 *

114.19 **

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