Nvidia may rise to 159.10 - 168.50

Our pivot point is at 111.3.

Our preference

The upside prevails as long as 111.3 is support.

Alternative scenario

Below 111.3, expect 96.4 and 87.5.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 113.769 and 120.8158).

Supports and resistances

178.1 **

168.5 *

159.1 **

149.7

123.74 (USD-last)

117.2

111.3 **

96.4 *

87.5 **

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