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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 · 2 points
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.