NVIDIA is facing significant selling pressure after a sharp decline erased a considerable portion of its previous gains. The 2-hour TradingView chart shows the stock retreating from its October peak around $243 before falling toward a recent low near $148. Although buyers have attempted a recovery, the overall chart structure still reflects considerable weakness.

Looking at the broader movement, NVIDIA enjoyed a strong upward run before reaching its October high. However, the momentum gradually weakened, with sellers taking control and pushing the price through several previous trading areas. The recent decline has been particularly aggressive, suggesting that buyers are struggling to maintain confidence.

The drop toward $148 is an important development because it marks the lowest visible area on the chart. Following that decline, buyers stepped in and triggered a rebound toward the $165 region. This recovery is encouraging, but it is still too early to conclude that NVIDIA has established a lasting bottom.

For the bullish scenario, I would watch whether buyers can maintain the recovery and push the price above $170. A stronger move could bring the $180 region into focus, followed by $190. Reclaiming these areas would provide a better indication that buying momentum is returning.

On the bearish side, failure to sustain the current recovery could expose NVIDIA to renewed selling pressure. If the price loses the $160 region, sellers may attempt another move toward $150 and the recent low around $148. A decisive break below that low would further weaken the technical outlook.

Another important consideration is NVIDIA's position in the artificial intelligence and semiconductor industries. Investor expectations, earnings performance and broader technology-sector sentiment can all influence the stock's direction. Even a strong company can experience significant price corrections when market expectations change.

For now, I would rather watch how NVIDIA reacts around the $160–$170 region before making any strong conclusions. Buyers need to demonstrate consistent strength, while sellers will be looking for another opportunity to extend the decline.

What is your outlook on NVIDIA? Can buyers turn the recent rebound into a recovery toward $180, or are we likely to see another test of the $148 support?

This analysis is for educational purposes only and should not be considered financial advice. Always DYOR before making investment decisions.$rNVDA $NVDA

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