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OWby u/options_wheel_kat·9hAnalysis

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·5h

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·9h

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·8h

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·7h

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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