$NVDA


NVDA remains in a strong long-term uptrend but is currently facing a major resistance zone around $231–236. Recent price action shows rejection near this supply area, suggesting buyers are struggling to push higher.
Key Resistance: $231–236
Critical Support: $164
Downside Target Zone: $126–134 if support fails
Trend Bias: Bullish to bearish.
The chart highlights a potential ABC corrective pattern, where wave (B) tests resistance before a possible decline toward wave (C). A confirmed break below $164 could accelerate selling pressure toward the $126–134 demand zone. Conversely, a strong breakout and weekly close above $240 would invalidate the bearish scenario and signal continuation of the broader uptrend.
Conclusion: NVDA is at a decisive technical level. we should watch the $231–236 resistance and $164 support closely, as a break of either level could determine the next major move.
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