Bull & Bear case of NVDA

Bull Case Scenario

• The ascending trend‐line near $116.50–$118 has held so far.If price remains above this line and closes above 135 bullish case is confirmed.
  
• A successful close above the next overhead zone ($153) could open the door toward the upper trend‐line near $165.
  

• Stochastics are near oversold (low 30s), suggesting a possible short‐term bounce.
  
• If RSI crosses back above 50, it indicates momentum shifting in favor of the bulls.
  
• A PMO turn from negative to positive would reinforce the case for a continued uptrend.
  

Bear Case Scenario

• Price is under the short‐term MAs and RSI < 50, reflecting bearish/neutral momentum.
  
• A decisive break below $116.50–$118 invalidates the longer‐term uptrend structure and likely confirms a bearish reversal pattern.
  

• Below $116, the next major volume nodes sit around $96–$90. Losing the lower trend‐line would likely see price gravitate to these zones.
  
• PMO is negative (~-0.40), suggesting downward momentum.
  
• RSI below 50 and Stochastics in a lower band often align with a continuation of weakness if support fails.
  

Bearish Confirmation: A daily close below $116 on rising volume and continued negative PMO/RSI readings would signal a deeper move to $96 or even $86.

3. Which Side Is NVDA Currently Inclined Toward?

Neutral‐to‐Bearish Tilt

• Price sits below the short‐term MA ribbon ($128–$132).
  
• RSI < 50 and PMO is negative, indicating momentum is leaning bearish.
  
• The only saving grace for bulls is the ascending trend‐line near $116.50 and a somewhat oversold Stochastics, which could spark a short‐term bounce.
  
• In other words, until NVDA can reclaim and hold above $130–$132, sellers have the advantage. If the $116.50 trend‐line cracks, the chart strongly favors a bearish breakdown. Conversely, if it holds and price regains $130+ with improving momentum, the bull case is back on the table.
  

Bottom Line

• Short‐term: Slightly bearish bias unless price reclaims the MA ribbon ($130–$132).
  
• Key Inflection: $116.50–$118 (trend‐line support).
  
• Upside Potential: $153 → $165 if bulls regain control.
  
• Downside Targets: $96 → $89 if the lower trend‐line fails.