Nvidia’s stock has been in a sharp decline, driven by broader market weakness and negative sentiment in the AI semiconductor sector following Marvell Technology’s earnings miss. The price is now testing a critical support level within its long-term uptrend channel, around 109.36.
If this support holds, a rebound toward 116.77 or 123.64 is possible. However, a break below 109.36 could send the price toward 101.60, signaling a deeper correction. Market sentiment and upcoming developments in the AI sector will be key in determining the next move.
If this support holds, a rebound toward 116.77 or 123.64 is possible. However, a break below 109.36 could send the price toward 101.60, signaling a deeper correction. Market sentiment and upcoming developments in the AI sector will be key in determining the next move.
Note
The price touched the resistance of 116.77; wait to break this levelTrade active
The price has risen as anticipated and is currently trading above 116.77, moving toward 123.64. A breakout above this resistance level is expected to lead the price toward the resistance zone at 129.34 and 135.74.
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Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.