Marina Lyubimova
⬤ Nvidia is hovering around $189, testing a mini resistance line after holding its broader uptrend. The chart shows multiple attempts to break through this zone, pointing to growing buying pressure.
⬤ The daily view confirms NVDA is still supported by a long-term rising trendline that's been guiding price higher since mid-2024. After rallying hard from spring lows, the stock moved into consolidation with lower highs but solid support underneath. Pullbacks have stayed above key levels, suggesting digestion of gains rather than any real weakness.
The chart suggests NVDA is pressing against a declining mini resistance line after holding a broader rising trend.
⬤ Momentum looks neutral—typical consolidation mode, not reversal territory. Price is coiling between rising support and falling resistance, creating a tightening pattern. A clean break above current resistance puts $200 in play as the next major test, with $210 marking the prior peak zone.
⬤ Nvidia's spot near resistance matters given its weight in tech. Breaking out here would signal fresh upside momentum and trend continuation. Failing to push higher likely means more sideways chop as consolidation drags on. With NVDA at a technical turning point, the next move could set the tone for near-term sentiment around the stock.
Marina Lyubimova
