In this video, we analyze NVIDIA’s price movement, focusing on:
✅ Key trendlines & support/resistance levels
✅ Breakout & breakdown zones
✅ Volume trends & institutional activity
✅ RSI, Bollinger Bands, and moving averages (SMA, 20-week, 50-week)
✅ Bearish & bullish momentum signals
📊 Current NVIDIA Stock Breakdown:
Since April 2024, NVDA has been riding an uptrend, testing key support levels multiple times.
Recently, it broke below major trendlines, signaling potential downside pressure.
RSI is approaching oversold territory, meaning a reversal could be near.
Bollinger Bands show NVDA breaking outside the lower band, a rare occurrence that may indicate a bounce-back.
Selling pressure is increasing, but could we see a short squeeze or a bullish engulfing candle soon?
🚨 What’s Next for NVIDIA Stock? 🚨
NVDA is now testing major and minor support levels:
🔹 $85 – Major Support Zone
🔹 $101-$102 – Minor Support Zone
🔹 Potential fakeout or a continued breakdown?
With resistance above, trendline rejections, and bearish sentiment dominating, the next move could depend on volume shifts and institutional trading activity. Will NVIDIA rebound or continue to drop? Watch the full breakdown to see what’s next!
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