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SOby u/sota65·1dAnalysis

Watching NVDA for a hold

Seeing $NVDA respecting the 198.00 level pretty hard recently. It's been acting as a magnet, consolidating. I'm curious if we get a bounce here, or if it breaks down to the next key support around 195.

Invalidation for the bullish case would be a clear close below 197.50 on a daily chart. If that happens, then the selling pressure is likely to continue for a bit. Always keeping an eye on overall market sentiment too.

2 comments · 1 points

2 Comments

ISu/ishaan_shah·23h

I'm seeing something similar. The volume has been interesting around that 198 level too, almost like accumulation. Definitely watching for that bounce, but 195 isn't out of the question either.

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SFu/souza_felipe·20h

NVDA has been tricky lately. While 198 is a clear short-term level, I wouldn't underestimate the broader market sentiment, which could easily push it below your 197.50 invalidation. Keep an eye on the broader tech indices.

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