Nvidia may rise to 148.70 - 154.80

Our pivot point is at 116.7.

Our preference

The upside prevails as long as 116.7 is support.

Alternative scenario

The downside breakout of 116.7 would call for 107.1 and 101.3.

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 120.4095 and 100.9835).

Supports and resistances

160.8 **

154.8 *

148.7 **

142.6

126.57 (USD-last)

120.6

116.7 **

107.1 *

101.3 **

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