NVDA Daily Chart Analysis
Price Action: NVDA saw a strong uptrend from late 2023, peaking at $150 in mid-2024. It has since pulled back sharply to $100.33 as of May 2025, showing bearish momentum.
Indicator: The Smart-Trend Indicator flagged multiple buy (blue X) and sell (red X) signals. The latest sell signal near $150 preceded the current drop, with sentiment marked as "Bullish" but showing a "Volatility Squeeze."
Key Levels:
Support: $90 (next major level).
Resistance: $111.05 (recent high).
Outlook: Bearish in the short term after the breakdown. A drop below $100 could target $90. A reclaim of $111.05 might signal a trend reversal.
Trade Idea: Short on a bounce to $111 with a stop above $115, targeting $90. Alternatively, wait for $90 support confirmation for a long entry.
#NVDA #Bearish #SmartTrend
Price Action: NVDA saw a strong uptrend from late 2023, peaking at $150 in mid-2024. It has since pulled back sharply to $100.33 as of May 2025, showing bearish momentum.
Indicator: The Smart-Trend Indicator flagged multiple buy (blue X) and sell (red X) signals. The latest sell signal near $150 preceded the current drop, with sentiment marked as "Bullish" but showing a "Volatility Squeeze."
Key Levels:
Support: $90 (next major level).
Resistance: $111.05 (recent high).
Outlook: Bearish in the short term after the breakdown. A drop below $100 could target $90. A reclaim of $111.05 might signal a trend reversal.
Trade Idea: Short on a bounce to $111 with a stop above $115, targeting $90. Alternatively, wait for $90 support confirmation for a long entry.
#NVDA #Bearish #SmartTrend
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Join my trading community! 📈
🔹 Discord: discord.gg/7Fwru9gqbS
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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.