NVDA where are we going.

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NVDA where are we going. NVIDIA CorporationNASDAQ:NVDAProfittaker777The Big Picture The first thing that stands out is that buyers are no longer making higher highs. Instead, rallies have become weaker and are being sold into. This shift in character is often the first warning that momentum is changing. Price has also lost the 50-day moving average, which had acted as support throughout much of the advance. Once a leading stock loses that level, it often becomes resistance until proven otherwise. "As long as Nvidia remains below key resistance and continues making lower highs, the odds favor a move lower to test and potentially fill the gap beneath current price. Gap fills often represent areas where buyers and sellers finally reach equilibrium after an impulsive move." Support Current support around the recent lows The top of the open gap The bottom of the gap (major downside objective) A decisive break beneath current support would increase the probability of price moving toward that gap. What Happens Next? The bearish roadmap would look something like this: Short-term relief rally. Buyers fail to reclaim major resistance. Another lower high develops. Selling accelerates. Price breaks support. NVDA moves down to test and potentially fill the open gap. This type of sequence is common during healthy corrections after strong advances. What Would Invalidate the Bearish Thesis? The bearish case begins to weaken if NVDA: Reclaims the 50-day moving average on strong volume. Starts making higher highs and higher lows. Shows broad institutional buying returning to the stock. Closes back above major resistance and holds those gains.