NVDA - The Breakdown Has Turned $200 Into Resistance!

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NVDA - The Breakdown Has Turned $200 Into Resistance!NVIDIA CorporationBATS:NVDASwansenseThe latest selloff has changed the character of NVIDIA’s short-term structure. After repeatedly failing to sustain gains above $210, price accelerated lower and broke through the $198.50–$201.50 support area with a large bearish candle. That former demand zone should now be treated as resistance. A recovery into $198.50–$201.00 would give sellers an opportunity to defend the breakdown. The first downside checkpoint sits around the overnight level at $193.82. If selling pressure remains dominant below this level, the broader technical target is $190.02, near the previous major swing-low area. The bearish chart is reinforced by weakening sentiment across semiconductor stocks. NVIDIA recently fell about 5% amid concerns over its possible financial exposure to a massive OpenAI data-center project, while growing Chinese chip competition and uncertainty surrounding AI infrastructure spending triggered a broader technology selloff. Markets are also pricing a meaningful possibility of tighter Federal Reserve policy, adding pressure to high-valuation growth stocks. Bearish focus: Rejection from $198.50–$201.00 First objective: $193.82 Main target: $190.02 Invalidation: A decisive H1 close above $202.00