Nvidia may rise to 158.10 - 167.70

Our pivot point is at 113.1.

Our preference

The upside prevails as long as 113.1 is support.

Alternative scenario

The downside breakout of 113.1 would call for 97.7 and 88.4.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 114.5845 and 120.8992).

Supports and resistances

177.2 **

167.7 *

158.1 **

148.7

129.37 (USD-last)

119.2

113.1 **

97.7 *

88.4 **

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