Marina Lyubimova
● Nvidia stock ($NVDA) is sitting at a pretty crucial spot right now—testing resistance around $184. Looking at the chart, you can see the stock has tried and failed multiple times to break cleanly above this level, which basically makes it a major roadblock. If Nvidia can reclaim this zone and actually hold it, the broader market momentum suggests we could see more upside. But if it can't get past this ceiling, Cold Blooded Shiller notes it's shaping up as a "very simple short side setup" for anyone betting on a pullback.
● The chart tells the story pretty clearly: $184 has been playing gatekeeper lately, with the price consistently struggling to stick above it. On the flip side, there's solid support sitting down around $152—that's basically the safety net for anyone still bullish. The momentum indicators aren't making things any clearer either. RSI has been backing off from its highs, and the MACD histogram just flipped negative, which usually means buying pressure is starting to fade.
● So here's where we're at: this setup is giving traders a straightforward binary choice. Either Nvidia shows some real strength and breaks out above $184 for good, or we see rejection here that could kick off another wave of selling. Either way, $184 is the line in the sand that's going to determine where $NVDA heads next.
Marina Lyubimova
