Explore quick thoughts, reactions, and opinions from traders as the market moves. Short, conversational posts that help you gauge sentiment and see what's on traders' minds right now.
NVDA Technical analysis is out the window. We’re in a war and it’s escalating. Let me remind you about the candle from last March when tariffs were announced. This thing happened before rebounded. DCA is your friend.
NVDA Trend line breakdown confirmed with 2x 1D candles closing below the 170 support and trendline. Break of the 170 support, previous major support Third test of the 164.5 multi-month support. Zooming out and looking at the distribution range during 2024/25 ($155-127.5) we can see there is very thin structure leading into the Jul-today distribution range. Marking a liquidity void in the range of 164ish to 154ish.
If you want to long, you should be looking for a reclamation of 170 support.
If you want to DCA you should look for price discovery and acceptance either at the previous distribution range [pre-tariff range], or at previous major support [170], or recovery here at 164.5, but tail end risk is a break of 164-164.5. IE You staircase buys instead of catching a falling knife.
If you want to short you should be targeting below the void if there is a break and hold(or run) of 164.5
NVDA Ive been loading a lot of shares at 166, i believe that this is a strong price-range for Nvidia bull, minding: recent financials, been valued with a positive future by analysts, and strong partnerships. This for me creates an attractive price-range and puts me as bullish for 2026.
Now it all comes down to how the Iran war is progressing wether Nvidia will come back up to 190 at summer or stay sideways for a while.