NVIDIA | Daily Technical Outlook
Market Structure
NVIDIA remains in a broader bullish structure, but recent price action reflects consolidation after a volatile pullback from the highs. Following the sharp rejection from the $205–$210 area, NVDA corrected lower before stabilizing and rebounding back toward a key mid-range level.
Price is now trading around $188–$190, an important pivot zone where prior support has turned into short-term resistance. Momentum has improved from the recent lows, but upside follow-through remains limited, suggesting the market is still in a balancing phase rather than a clear trend continuation.
Key Resistance Zone
The primary resistance zone sits at $188–$192, where price is currently struggling to gain acceptance.
Additional resistance levels:
- $198–$200
- $205–$210 (major supply / prior swing high)
A sustained break and hold above $192 would signal renewed bullish strength and open the door for a retest of the highs.
Key Support Zone
Immediate support is located at $182–$184, which has repeatedly held during recent pullbacks.
Below this area, downside support levels include:
- $176–$178
- $170–$172 (major structural support)
A decisive break down below $176 would weaken the bullish structure and increase downside risk.
Expectations
Bullish Scenario (Primary)
As long as NVDA holds above $182, the broader bullish bias remains intact.
A breakout above $192 would likely drive price toward:
- $198–$200
- $205–$210
Bearish Scenario (Alternative)
Failure to reclaim $190–$192, followed by a breakdown below $182, could trigger a corrective move toward:
- $176
- $170–$172
This would still be considered corrective unless major support gives way.
Outlook
NVIDIA is consolidating near a key pivot after a sharp correction from record highs. The broader trend remains constructive, but clear acceptance above $192 is needed to confirm bullish continuation. Until then, price may remain range-bound with two-sided risk.
Bias: Neutral-to-Bullish above $182
Invalidation: Daily close below $176
