Bull Case Scenario
Bear Case Scenario
Bearish Confirmation: A daily close below $116 on rising volume and continued negative PMO/RSI readings would signal a deeper move to $96 or even $86.
3. Which Side Is NVDA Currently Inclined Toward?
Neutral‐to‐Bearish Tilt
Bottom Line
- The ascending trend‐line near $116.50–$118 has held so far.If price remains above this line and closes above 135 bullish case is confirmed.
- A successful close above the next overhead zone ($153) could open the door toward the upper trend‐line near $165.
- Stochastics are near oversold (low 30s), suggesting a possible short‐term bounce.
- If RSI crosses back above 50, it indicates momentum shifting in favor of the bulls.
- A PMO turn from negative to positive would reinforce the case for a continued uptrend.
Bear Case Scenario
- Price is under the short‐term MAs and RSI < 50, reflecting bearish/neutral momentum.
- A decisive break below $116.50–$118 invalidates the longer‐term uptrend structure and likely confirms a bearish reversal pattern.
- Below $116, the next major volume nodes sit around $96–$90. Losing the lower trend‐line would likely see price gravitate to these zones.
- PMO is negative (~-0.40), suggesting downward momentum.
- RSI below 50 and Stochastics in a lower band often align with a continuation of weakness if support fails.
Bearish Confirmation: A daily close below $116 on rising volume and continued negative PMO/RSI readings would signal a deeper move to $96 or even $86.
3. Which Side Is NVDA Currently Inclined Toward?
Neutral‐to‐Bearish Tilt
- Price sits below the short‐term MA ribbon ($128–$132).
- RSI < 50 and PMO is negative, indicating momentum is leaning bearish.
- The only saving grace for bulls is the ascending trend‐line near $116.50 and a somewhat oversold Stochastics, which could spark a short‐term bounce.
- In other words, until NVDA can reclaim and hold above $130–$132, sellers have the advantage. If the $116.50 trend‐line cracks, the chart strongly favors a bearish breakdown. Conversely, if it holds and price regains $130+ with improving momentum, the bull case is back on the table.
Bottom Line
- Short‐term: Slightly bearish bias unless price reclaims the MA ribbon ($130–$132).
- Key Inflection: $116.50–$118 (trend‐line support).
- Upside Potential: $153 → $165 if bulls regain control.
- Downside Targets: $96 → $89 if the lower trend‐line fails.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.