Nvidia may fall to 74.70 - 81.80

Our pivot point stands at 116.4.

Our preference

The downside prevails as long as 116.4 is resistance.

Alternative scenario

Above 116.4, look for 128.9 and 136.2.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 112.984 and 119.9843).

Supports and resistances

136.2 **

128.9 *

116.4 **

111.5

104.75 (USD-last)

89.1

81.8 **

74.7 *

67.4 **

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