Marina Lyubimova
⬤ Nvidia shares have been stuck in neutral since August, trading sideways with no clear direction except for one quick pop in late October. The stock's mostly been going nowhere, bouncing around without much conviction as buyers and sellers stay balanced.
⬤ That late-October rally was the only real excitement lately—shares pushed higher briefly before losing steam and falling back into the same old range. Since then, it's been choppy at best. The key level to watch is $196, which has acted as a ceiling. Until NVDA closes a month above that mark, the sideways grind continues.
⬤ Right now, the stock's floating around $186, with support down near $174 and that $196 resistance still holding firm. These pivot levels explain why price keeps bouncing back and forth without breaking out. The chart shows clear compression—Nvidia's coiling up but hasn't picked a direction yet.
⬤ For a stock that drives so much action in tech and chips, this extended pause is worth noting. With earnings coming February 25, traders are waiting for a catalyst. Until then, expect more of the same: consolidation, resistance at $196, and a stock that's running in place.
Marina Lyubimova
