Price as of my analysis: $113.76
NVDA is sitting at a major horizontal support zone around $113.50. This level acted as strong support in June 2024 and again in September 2024, where it launched a 34% rally toward the $152 range. Price is now testing that same level again — this is a key decision point.
If this support breaks, my first downside target is $104.70, followed by $100.96. The $100 level is also psychological support and could attract buyers if tested.
At the same time, NVDA is also pressing against a downtrend line that began in mid-February 2025, starting from the ~$143 level. Price rejected off this trendline again on Monday, confirming sellers are defending it.
The 10 EMA and 20 EMA on the daily chart sit around $119. For any upside to unfold, NVDA must reclaim these levels. Above that, we’re looking at resistance between $125–130, which is a confluence zone:
Downward-sloping 50 SMA
Flat 200 SMA
The prior uptrend line from May 2023, now acting as potential resistance
If the bounce begins here at $113.50, reclaiming the EMAs would be the first bullish signal. Clearing the $125–130 area could open the path back to $141, which was the breakdown candle from February.
On the weekly chart, the same $113.50 level shows as significant. The weekly EMAs are starting to turn down, and this week’s candle is showing signs of indecision — suggesting a potential reversal or further breakdown is brewing. Watching how this week closes will be key.
Summary:
Holding $113.50 = potential bounce toward $119 → $125–130 → $141
Losing $113.50 = likely flush to $104.70 → $100.96
$100 = psychological support and probable strong demand zone
Currently at the intersection of major support and downtrend resistance = high-stakes decision zone
NVDA is sitting at a major horizontal support zone around $113.50. This level acted as strong support in June 2024 and again in September 2024, where it launched a 34% rally toward the $152 range. Price is now testing that same level again — this is a key decision point.
If this support breaks, my first downside target is $104.70, followed by $100.96. The $100 level is also psychological support and could attract buyers if tested.
At the same time, NVDA is also pressing against a downtrend line that began in mid-February 2025, starting from the ~$143 level. Price rejected off this trendline again on Monday, confirming sellers are defending it.
The 10 EMA and 20 EMA on the daily chart sit around $119. For any upside to unfold, NVDA must reclaim these levels. Above that, we’re looking at resistance between $125–130, which is a confluence zone:
Downward-sloping 50 SMA
Flat 200 SMA
The prior uptrend line from May 2023, now acting as potential resistance
If the bounce begins here at $113.50, reclaiming the EMAs would be the first bullish signal. Clearing the $125–130 area could open the path back to $141, which was the breakdown candle from February.
On the weekly chart, the same $113.50 level shows as significant. The weekly EMAs are starting to turn down, and this week’s candle is showing signs of indecision — suggesting a potential reversal or further breakdown is brewing. Watching how this week closes will be key.
Summary:
Holding $113.50 = potential bounce toward $119 → $125–130 → $141
Losing $113.50 = likely flush to $104.70 → $100.96
$100 = psychological support and probable strong demand zone
Currently at the intersection of major support and downtrend resistance = high-stakes decision zone
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.