NVDA Drops to $100: Volatility Squeeze Signals More Downside

NVDA Daily Chart Analysis

Price Action: NVDA saw a strong uptrend from late 2023, peaking at $150 in mid-2024. It has since pulled back sharply to $100.33 as of May 2025, showing bearish momentum.
Indicator: The Smart-Trend Indicator flagged multiple buy (blue X) and sell (red X) signals. The latest sell signal near $150 preceded the current drop, with sentiment marked as "Bullish" but showing a "Volatility Squeeze."

Key Levels:
Support: $90 (next major level).
Resistance: $111.05 (recent high).
Outlook: Bearish in the short term after the breakdown. A drop below $100 could target $90. A reclaim of $111.05 might signal a trend reversal.

Trade Idea: Short on a bounce to $111 with a stop above $115, targeting $90. Alternatively, wait for $90 support confirmation for a long entry.
#NVDA #Bearish #SmartTrend