Nvidia may rise to 146.90 - 153.70

114.2 is our pivot point.

Our preference

As long as 114.2 is support look for 146.9.

Alternative scenario

Below 114.2, expect 103 and 96.4.

Comment

The RSI is above 50. The MACD is below its signal line and positive. 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.