NVIDIA

NVIDIA's Technical Outlook After the Market Crash

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Yesterday, the market experienced a sell-off that pushed most stocks into the red. One of the key stocks in the spotlight was NVIDIA (NVDA).
From a technical perspective, NVDA had been drifting between the $130 and $150 range for the past three months without establishing a clear direction. During this time, the stock made several attempts to break above the $150 level, but all efforts failed – investors simply weren’t ready to pay such a high price.

Yesterday, the stock finally found a direction: not above $150, but instead below $130. Slightly lower price levels have now taken over.

Current Technical Outlook
At the moment, the stock is once again trapped between two levels – $130 as resistance and $100 as support. Currently, the price sits in what I’d describe as "no-man’s land," and for me, the optimal buy zone would be in the range of $90–$107.5. If the price doesn’t reach this area (pre-market is already up 5%) and instead rebounds back above $130, we can react there, in what I’d consider a safer zone. For now, it’s best to let things settle.

Opening positions at this stage might be risky; ultimately, it’s about balancing risks with your strategy. Personally, I always aim for the best possible prices or the safest scenario. For me, the lower zone between $90 and $107.5 offers the best potential value.

Second Scenario
Another approach is to wait for the price to break back above the current resistance level of $130 and secure a strong weekly close above it. This would signal that the price has moved into a potentially safer zone, suggesting that market panic may have ended well for NVDA holders. This scenario also allows us to take advantage of further potential growth.

Sector Stocks of Interest
Here are a few stocks from this sector that caught my attention and might also be of interest to you:

Broadcom (AVGO)
快照

ASML Holding (ASML)
快照

Marvell Technology (MRVL)
Strongest levels below the current price.
快照


All the best,
Vaido

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