Artem Voloskovets
NVIDIA stock ($NVDA) caught a bid at support levels during Tuesday's session, giving bulls something to work with heading into Wednesday. The bounce comes at a time when tech stocks are searching for direction, and NVDA's ability to hold key levels could signal what's next for the chip giant.
NVDA Holds the Line
Trader @ShardiB2 pointed out that NVIDIA defended its support zone right at the close—a move that often precedes short-term rallies. The chart shows NVDA touching lows near $179.15 before snapping back, accompanied by a noticeable uptick in volume. That kind of action usually means someone stepped in to buy the dip.
Key Levels Worth Watching
- Support at $179.15 – where buyers showed up today
- Resistance at $183.95 – the next hurdle if the stock keeps climbing
- Moving averages clustered between $180-181 – creating a zone of overhead resistance
- RSI sitting around 50 – neutral territory, meaning the stock could go either way from here
What's Driving the Action
NVIDIA remains a focal point in markets thanks to its dominance in AI chips and data center hardware. Recent volatility mirrors the broader uncertainty hitting tech names—earnings surprises, macro worries, and positioning shifts are all in play. If NVDA can push through that $183-184 resistance zone, it might confirm that buyers are back in control. But if it slips below $179, we could see another leg down.
Artem Voloskovets
