NVIDIA: Risks ahead as bears gain momentum!

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NVIDIA: Risks ahead as bears gain momentum!NVIDIA CorporationBATS:NVDADomicChainaNVIDIA (NASDAQ) is trading around $212 after facing repeated rejection at the strong resistance zone of $211–$214. The price has failed to achieve a clear breakout and has begun to pull back from the upper bound, signaling rising profit-taking pressure. A drop below the EMA34 (around $208) could extend the correction toward the EMA89 and the support zone below. Fundamentally, sentiment toward Nvidia is turning more cautious as investors question its high valuation and the ability to convert massive AI investments into sustainable profits. Apple’s recent move to surpass Nvidia in market capitalization also reflects a short-term shift in capital flows. On the 1-hour (H1) chart, if NVDA remains capped below $214 and closes below $208, selling pressure could drive the price to $205–$206, followed by a test of the key support zone at $199–$203. Focus: Bearish Target: $202 The bearish scenario is invalidated if NVDA closes the H1 session firmly above $214.50, confirming a breakout above the resistance zone and a shift of control back to the bulls.