NVDA Reclaimed Its Floor But Can't Get Off It.

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NVDA Reclaimed Its Floor But Can't Get Off It.NVIDIA CorporationNASDAQ:NVDAvirDeStateraNVDA Reclaimed Its Floor But Can't Get Off It. NVDA swept the 191.23 floor Tuesday, recovered hard to 196, and has already drifted back to 194 - stuck between the floor it defended and the resistance that keeps rejecting it. The stock has now bounced off 191.23 four separate times without holding a push above the 198-199 zone. The daily structure is trying to turn up, but the read underneath is split - one layer says the recovery is real, another is flagging its own bounce as suspect. This is a range, not a trend, until one side gives. Resistance: 196.80-198.47 - the band that rejects every bounce Key resistance: 199.89 - the thesis line above Current price: 194.06 Support: 194.41 - first support, just under price Key support: 191.23 - the floor, held four times Structural floor: 189.80 - the sweep low Two paths from here: The range resolves up. The daily structure just flipped to a bull read and the hourly reclaimed 191.23 and 194.41, so a clean push through 196.80 then 198.47 - the band that has capped every attempt - breaks the stock out to the upside. This needs volume, which sat at the 29th percentile through the whole reclaim; the buyers have not committed. The range resolves down. The hourly just flipped to a short read at the top of the bounce, the daily bear print is flagging itself, and disbelief is showing on the recovery. A rejection under 196.80 and a loss of 194.41 puts price back at 191.23 for a fifth test - and a floor tested that many times gets thinner each time. Below 189.80 the daily points to 180-184. Four defenses of 191.23 and four rejections at 198.47 - NVDA is coiled in a two-dollar range with the daily turning up and the hourly turning down at the same time. The signals are split, so the level that breaks first is the tell. Neither side has earned the lean yet. Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS Study, not financial advice.