Nvidia may rise to 1327.00 - 1393.00

Our pivot point is at 986.

Our preference

The upside prevails as long as 986 is support.

Alternative scenario

The downside breakout of 986 would call for 880 and 817.

Comment

The RSI is above its neutrality area at 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 973.993 and 911.2446).

Supports and resistances

1459 **

1393 *

1327 **

1260

1096.33 (USD-last)

1028

986 **

880 *

817 **

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