Stocks

Nvidia may fall to 90.85 - 96.00

2024-08-09

Pivot

107.15

Our preference

Short positions below 107.15 with targets at 96.00 & 90.85 in extension.

Alternative scenario

Above 107.15 look for further upside with 112.20 & 120.00 as targets.

Comment

The upward potential is likely to be limited by the resistance at 107.15.

Supports and resistances

120.00

112.20

107.15

104.98 Last

96.00

90.85

83.45

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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