Usman Salis
Nvidia's incredible 2025 run is hitting its first real speed bump. After touching nearly $190 this summer, shares have pulled back to $168, finally giving overheated bulls a chance to catch their breath. The question everyone's asking: will NVDA test that $150–$155 shelf before making another run higher?
Chart Breakdown: Trendline Snapped, Support Awaits
Community trader ThiccTeddy called it perfectly - NVDA "wants $150 before it returns to the upside." Here's what the technicals show:
- Trendline break: That steep uptrend from April just got violated, shifting momentum from buyers to profit-takers
- Key support ahead: The $150–$155 zone where the stock peaked earlier this year now becomes the make-or-break level
- Resistance overhead: Sellers are camping out between $175–$180, keeping any bounce attempts in check
- Volume tells the story: Heavy distribution volume confirms smart money is taking profits
Why the Wheels Came Off
The pullback isn't surprising when you dig deeper. Nvidia's massive run made it a prime target for profit-taking, especially with interest rates still a wild card and tech leadership rotating around. Even the AI story, while still rock-solid long-term, is seeing some short-term fatigue as investors chase the next hot trade.
Two scenarios are in play. The bullish case has NVDA finding support at $150–$155, reclaiming $175–$180 with conviction, then making another run at those $190 highs. The bearish scenario sees a break below $150 opening the door to the low-$140s and an extended consolidation period.
Usman Salis
