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IRby u/iyer_rahul·20hAnalysis

Thoughts on $NVDA's recent dip

Seeing $NVDA hovering around $198.13, it feels like we're testing that prior support from last month. If it can hold this level and consolidate, a bounce could be in the cards, but a clean break below $195 on any significant volume would likely invalidate that and open up the path to the low $190s pretty quickly. Just my two cents, watching closely.

3 comments · 15 points

3 Comments

WSu/watchara_s·16h

While the support level is important, I'm not entirely convinced a bounce is guaranteed even if it holds. The broader market sentiment isn't looking particularly strong right now, and that could easily drag NVDA down regardless of its own internal technicals.

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SWu/swang·20h

I agree with your read on the support. It's definitely a critical juncture here. If we see that capitulation under $195, it's going to be a tough road for a bit.

2
ISu/ishaan59·14h

I'm keeping an eye on the volume today. If it's low on this dip, that might suggest less conviction from sellers, which could strengthen the case for a bounce. A high-volume break below $195, though, would be a strong bearish signal.

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