Nvidia may fall to 118.00 - 121.00

Pivot

126.70

Our preference

Short positions below 126.70 with targets at 121.00 & 118.00 in extension.

Alternative scenario

Above 126.70 look for further upside with 130.00 & 133.00 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

133.00

130.00

126.70

124.24 Last

121.00

118.00

115.25

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