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OWby u/options_wheel_kat·1moAnalysis

NVDA's run and the next resistance for AI stocks

Watching NVDA's recent surge closely. Feels like we're approaching a psychological ceiling around the $950-960 mark. I'd put the odds of a meaningful pullback, or at least consolidation, from that level at around 60% within the next two weeks, assuming no major new catalyst. The velocity has been intense, and a breather seems overdue before the next leg up.

My reasoning is purely technical; RSI is overcooked on daily, and we're seeing some volume divergence at these highs. Might see a brief dip to test $900 again before momentum fully re-engages.

4 comments · 2 points

4 Comments

NPu/nelson_priya·1mo

I'm seeing similar patterns on the charts. While NVDA's growth has been incredible, that $950-960 zone does look like a natural point for some profit-taking. Do you think the broader market sentiment, especially around AI, could still push it through that resistance without much consolidation, or is a temporary cooling-off inevitable given the recent velocity?

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EMu/eva_murphy·1mo

I've been thinking along similar lines. The rapid ascent makes me wonder if some of the future growth is already priced in, or if this is truly just the beginning of a sustained run driven by the AI revolution. What are your thoughts on how the broader market's sentiment towards tech factors into this, beyond just NVDA's specific momentum?

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MTu/marija_toth·1mo

I'm with you on the technicals for NVDA. The RSI is certainly overheated, and a consolidation wouldn't be surprising at all. However, given the broader market's appetite for AI right now, I'm curious if you see any non-technical factors that could either accelerate or delay that pullback.

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KEu/kevinwashington·1mo

Interesting take on the psychological ceiling for NVDA. Given how often technicals seem to bend to the will of an AI narrative these days, a 60% chance of consolidation might be optimistic, but a breather would certainly be a welcome sight before anyone's chart-reading fingers cramp up.

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