Nvidia may rise to 146.90 - 153.70

Our pivot point stands at 114.2.

Our preference

As long as 114.2 is support look for 146.9.

Alternative scenario

The downside breakout of 114.2 would call for 103 and 96.4.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 123.1893 and 103.8309).

Supports and resistances

160.5 **

153.7 *

146.9 **

140.1

123.99 (USD-last)

118.5

114.2 **

103 *

96.4 **

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