Is $NVDA setting up for its next rally, or is this just a relief bounce? 👀
#NVIDIA has taken a serious hit from its October highs, but I'm not ready to count the #AI giant out.
Here's what I'm watching:
At $166.67, NVDA is showing signs of recovery on the 1H chart. Price has reclaimed the EMA 25, but is still struggling around the EMA 50 and EMA 100.
My key levels:
- $169–171: Resistance zone to reclaim.
- $162: Near-term support.
- $155–149: Important downside zone.
I'm cautiously bullish heading into earnings, but I want to see a convincing breakout before celebrating.
The bigger question is whether NVIDIA can reignite the AI rally or whether the market is preparing for a deeper correction.
I'm watching earnings closely. What about you? Bullish or bearish on #NVDA ?
#CanNVDAReigniteAIRally #EarningsSeason
#NVIDIA has taken a serious hit from its October highs, but I'm not ready to count the #AI giant out.
Here's what I'm watching:
At $166.67, NVDA is showing signs of recovery on the 1H chart. Price has reclaimed the EMA 25, but is still struggling around the EMA 50 and EMA 100.
My key levels:
- $169–171: Resistance zone to reclaim.
- $162: Near-term support.
- $155–149: Important downside zone.
I'm cautiously bullish heading into earnings, but I want to see a convincing breakout before celebrating.
The bigger question is whether NVIDIA can reignite the AI rally or whether the market is preparing for a deeper correction.
I'm watching earnings closely. What about you? Bullish or bearish on #NVDA ?
#CanNVDAReigniteAIRally #EarningsSeason
