update we noted that momentum was bullish and next upside target was $150 and next at $159.90 as long as price held above support of $131.80. NVDA stock price has reached the 61.8% retracement and has moved very close to the 78.6% level also. However price is now showing reversal signs. Price has formed lower highs and the RSI is turning lower from overbought levels. There are increased chances of a new downward move towards $130 for the coming weeks. Bulls need to be cautious.