Nvidia may rise to 150.00 - 157.10

116.6 is our pivot point.

Our preference

As long as 116.6 is support look for 150.

Alternative scenario

The downside breakout of 116.6 would call for 105.1 and 98.2.

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 above its 20 and 50 day moving average (respectively at 125.7198 and 108.1864).

Supports and resistances

164 **

157.1 *

150 **

142.9

125.83 (USD-last)

121.2

116.6 **

105.1 *

98.2 **

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