#Gate股票暢聊季 #美股财报季 #WCTCS9 Technical Analysis of Nvidia

NVDA fell again last night and hit a new low, but the positive signal is that trading volume expanded significantly, indicating solid buying support. The huge trading volume during the declines over the past two nights was driven by a “two-way convergence”: panic among market participants created selling pressure while fresh external capital flowed in. The massive volume has created considerable resistance to further declines for the bears, who have used up a great deal of ammunition. Those who have already sold are worried a rebound could happen at any time, and are highly likely to “mutiny” and turn bullish, snapping up shares at low prices.
Looking at the candlestick patterns, the daily chart’s downside gap is almost certainly an exhaustion gap, but the weekly chart is only just beginning a breakaway gap. The contrasting patterns across these two timeframes align with the current developments. There are two short-term factors likely to affect the daily chart on the 17th and 18th:
On November 17 (U.S. Eastern Time), Nvidia will release its official fiscal 2027 third-quarter earnings and hold its earnings call. On November 18, three U.S. House committees have invited Jensen Huang to a closed-door briefing (note: this is currently an invitation, not a compulsory subpoena, and the company has not yet finally confirmed attendance), to discuss national security and customer management controversies related to Megaspeed. If earnings and business guidance meet market expectations, and the November 18 hearing goes well, these factors could be quickly cleared away, and the chart could form a daily exhaustion gap. It is possible that a bottoming area will form around 160, followed by a rebound.
If earnings fall short of expectations and the hearing fails to stop the issue from gaining further traction, the stock could very likely follow the weekly chart’s downside breakaway pattern. Then, after a landmark event occurs (for example, Huang resigning, a reversal in expectations for returns on capital expenditures falling short, or Democrats warming to AI), the bad news may be fully priced in and the stock may stabilize.
Even so, the share price should be able to hold around 120, because the candlestick chart suggests that a large amount of the shares here should be close to zero cost basis, with no intention of selling, and a 15x PE is also a solid line of defense. So, as long as 120 is not breached in the design of the leverage, there is a high probability of surviving the ordeal.
Nvidia is the undisputed leader. The Philadelphia Semiconductor Index, AMD, TSMC, Broadcom, and the rest of the AI hardware chain all look to Nvidia—that is the correct order of precedence. Once Nvidia stops falling, everything will turn sunny.$NVDA