Nvidia may fall to 101.50 - 107.10

Pivot

116.70

Our preference

Short positions below 116.70 with targets at 107.10 & 101.50 in extension.

Alternative scenario

Above 116.70 look for further upside with 120.00 & 125.40 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

125.40

120.00

116.70

113.07 Last

107.10

101.50

96.00

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