Nvidia may fall to 87.10 - 93.30

Our pivot point stands at 124.6.

Our preference

The downside prevails as long as 124.6 is resistance.

Alternative scenario

The upside breakout of 124.6 would call for 135.3 and 141.6.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 123.664 and 118.8529).

Supports and resistances

141.6 **

135.3 *

124.6 **

120.4

113.06 (USD-last)

99.4

93.3 **

87.1 *

81 **

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