Nvidia may rise to 151.70 - 158.30

Our pivot point stands at 118.8.

Our preference

As long as 118.8 is support look for 151.7.

Alternative scenario

Below 118.8, expect 108.1 and 101.8.

Comment

The RSI is above 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 127.787 and 112.7249).

Supports and resistances

164.8 **

158.3 *

151.7 **

145.1

129.24 (USD-last)

123

118.8 **

108.1 *

101.8 **

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