Peter Smith
NVIDIA stock has captured investor attention following a sharp decline, but with shares still trading near record highs, timing could be everything. After missing significant opportunities at much lower prices earlier this year, many investors now face the dilemma of whether to chase momentum or wait for better entry points.
NVDA Price: Missed April Lows, Now Paying Double
NVIDIA hit around $92 back in April – a price point that most traders completely overlooked. Fast forward to today, and the same stock is attracting buyers near $174–$180, representing almost double the earlier price.
As trader @kpak82 pointed out, this highlights a familiar pattern in investor behavior: when NVIDIA was cheap and unwanted, few paid attention. Now that it's gained serious momentum and approached resistance levels, fear of missing out is driving purchases at significantly higher prices.
NVDA Price Faces Major Resistance
From a technical standpoint, NVIDIA has delivered an impressive 111% rally since April. However, the stock is now hitting a wall near the $185 resistance level, with clear signs of rejection appearing on the charts.
The Volume Profile shows heavy trading activity in the $170–$185 range, making this a critical zone to watch. If NVIDIA can't push decisively above $185, a pullback toward $144 becomes a real possibility. On the flip side, breaking through resistance could spark another upward move, though the risks are clearly building.
This situation perfectly illustrates how most people prefer to buy when stocks are popular and widely discussed, rather than when they're cheap and ignored. This crowd mentality often results in poor timing and leaves investors exposed if momentum fades.
For NVIDIA specifically, key support levels sit at $170 and $144. Bulls need to see a strong close above $185–$190 to confirm the next move higher. Until that happens, a cautious approach might be the wiser choice.
Peter Smith
