NVIDIA | Daily Technical Outlook
Market Structure
NVIDIA remains in a broader bullish structure but is currently consolidating after a strong recovery from recent lows. The stock rebounded sharply from the $172 – $175 area and pushed back toward the $190 zone, where momentum is now slowing.
Price is stabilizing just below a key resistance cluster, suggesting temporary balance between buyers and sellers after the recent impulsive move higher.
Key Resistance Zone
Immediate resistance stands at $192 – $195, a recent rejection area where selling pressure previously emerged.
Additional resistance levels:
- $200 (psychological level)
- $205 – $210 (major supply zone)
As long as NVDA trades below $195, upside momentum may remain limited.
Key Support Zone
Immediate support is seen at $186 – $188, a short-term demand area supporting the recent consolidation.
Below that, key support levels include:
- $180
- $172 – $175 (major structural support)
A break below $180 would shift short-term momentum back to the downside.
Expectations
Bullish Scenario (Primary)
If price holds above $186 and breaks above $195, NVDA could extend gains toward $200, with potential continuation toward $205 – $210.
Bearish Scenario (Alternative)
Failure to break above $195 followed by a move below $186 would increase corrective pressure, exposing $180 and potentially $175.
Outlook
NVIDIA remains structurally constructive, but price is currently testing a decisive resistance zone. A breakout above $195 would confirm renewed bullish momentum, while a rejection could trigger a deeper pullback toward lower support levels.
