NVDA Reclaimed Its Floor But Can't Get Off It.
NVDA swept the 191.23 floor Tuesday, recovered hard to 196, and has already drifted back to 194 - stuck between the floor it defended and the resistance that keeps rejecting it. The stock has now bounced off 191.23 four separate times without holding a push above the 198-199 zone. The daily structure is trying to turn up, but the read underneath is split - one layer says the recovery is real, another is flagging its own bounce as suspect. This is a range, not a trend, until one side gives.
Resistance: 196.80-198.47 - the band that rejects every bounce
Key resistance: 199.89 - the thesis line above
Current price: 194.06
Support: 194.41 - first support, just under price
Key support: 191.23 - the floor, held four times
Structural floor: 189.80 - the sweep low
Two paths from here:
The range resolves up. The daily structure just flipped to a bull read and the hourly reclaimed 191.23 and 194.41, so a clean push through 196.80 then 198.47 - the band that has capped every attempt - breaks the stock out to the upside. This needs volume, which sat at the 29th percentile through the whole reclaim; the buyers have not committed.
The range resolves down. The hourly just flipped to a short read at the top of the bounce, the daily bear print is flagging itself, and disbelief is showing on the recovery. A rejection under 196.80 and a loss of 194.41 puts price back at 191.23 for a fifth test - and a floor tested that many times gets thinner each time. Below 189.80 the daily points to 180-184.
Four defenses of 191.23 and four rejections at 198.47 - NVDA is coiled in a two-dollar range with the daily turning up and the hourly turning down at the same time. The signals are split, so the level that breaks first is the tell. Neither side has earned the lean yet.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
NVDA swept the 191.23 floor Tuesday, recovered hard to 196, and has already drifted back to 194 - stuck between the floor it defended and the resistance that keeps rejecting it. The stock has now bounced off 191.23 four separate times without holding a push above the 198-199 zone. The daily structure is trying to turn up, but the read underneath is split - one layer says the recovery is real, another is flagging its own bounce as suspect. This is a range, not a trend, until one side gives.
Resistance: 196.80-198.47 - the band that rejects every bounce
Key resistance: 199.89 - the thesis line above
Current price: 194.06
Support: 194.41 - first support, just under price
Key support: 191.23 - the floor, held four times
Structural floor: 189.80 - the sweep low
Two paths from here:
The range resolves up. The daily structure just flipped to a bull read and the hourly reclaimed 191.23 and 194.41, so a clean push through 196.80 then 198.47 - the band that has capped every attempt - breaks the stock out to the upside. This needs volume, which sat at the 29th percentile through the whole reclaim; the buyers have not committed.
The range resolves down. The hourly just flipped to a short read at the top of the bounce, the daily bear print is flagging itself, and disbelief is showing on the recovery. A rejection under 196.80 and a loss of 194.41 puts price back at 191.23 for a fifth test - and a floor tested that many times gets thinner each time. Below 189.80 the daily points to 180-184.
Four defenses of 191.23 and four rejections at 198.47 - NVDA is coiled in a two-dollar range with the daily turning up and the hourly turning down at the same time. The signals are split, so the level that breaks first is the tell. Neither side has earned the lean yet.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
Note
The range broke up. NVDA cleared 198.47 and ran to 205.The morning framed a coiled range - up through 198.47 or down to a fifth test of 191.23. It broke up, hard. Price cleared 198.47, 199.89, and 202.20 in one move to tag 205 and close 203.62, up 3.65% - the band that rejected every bounce for two weeks finally gave, and the four defenses of 191.23 marked the bottom. But the system is flagging the move as overextended: euphoria is active on the recovery and the fresh bull read is carrying a double anti-signal, with range expansion at the 97th percentile. Price broke out; the read says it went too far too fast. 204.82 then 209 are next; a failure back under 202.20 puts the breakout in question.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
Mapping macro structure, custom indicators, and radial geometry.
📊 View my published scripts: tradingview.com/u/virDeStratera/
📊 View my published scripts: tradingview.com/u/virDeStratera/
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Mapping macro structure, custom indicators, and radial geometry.
📊 View my published scripts: tradingview.com/u/virDeStratera/
📊 View my published scripts: tradingview.com/u/virDeStratera/
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.