Nvidia stock starts to lose momentumNVIDIA CorporationBATS:NVDAFOREXcomIt has been a difficult session for Nvidia stock, with the price falling more than 3.6% on the day and bringing a potential short-term bearish bias back into focus. For now, selling pressure is gaining relevance as uncertainty grows around possible 10% tariffs from the United States on several countries. This scenario could revive trade tensions in the short term and affect expectations for Nvidia’s global growth over the coming months. Any disruption, or even a renewed threat to global supply chains, could weigh on the company’s sales outlook. For this reason, demand for the stock has started to moderate, and this effect could remain relevant over the coming sessions. The long-term trend continues to hold: The most important pattern to watch in Nvidia stock remains the long bullish trendline that has been in place since 2025. So far, with no major selling moves on the daily chart, this structure continues to be the main technical formation. If the current selling pressure fails to become strong enough in the coming sessions, the bullish trendline could remain the most relevant technical pattern over the next few weeks. RSI: At the moment, the RSI is hovering around the 50 level, suggesting a balance in the average momentum of the last 14 sessions. If the indicator stays too close to this level, it could start to highlight a more relevant phase of indecision in Nvidia’s short-term price action. MACD: The MACD histogram is also moving close to the 0 line, pointing to a balance in the average strength of short-term moving averages. While this behavior continues, a phase of indecision could keep gaining relevance in the short term. Key levels to watch: · 236 USD – Relevant resistance: This high remains the highest point on the chart. A move back toward this area could reactivate a dominant buying bias and extend the long-term bullish trendline over the coming weeks. · 208 USD – Near-term barrier: A neutral level where price has shown relevant pullbacks and which also aligns with the 38.2% Fibonacci retracement of the most important move on the chart. Price action too close to this area could highlight a more consistent phase of indecision and even open the door to a short-term neutral range. · 188 USD – Crucial support: This area is marked by the 200-period moving average and the 61.8% Fibonacci retracement. A move toward this level could put the major bullish trendline at risk and open the door to a more structured bearish move, which could become more dominant over the medium term. Written by Julian Pineda, CFA, CMT – Market Analyst