NVDA Is Holding 217.73 Below The Trend Line.
After Friday's 4.5% drop, NVDA is holding the 217.73 shelf, trading 218.63, but remains below the 220.21 trend line it lost. The earnings gap is partly filled and the reclaim is still in question - price is stabilizing between 217.73 support and 220.21 resistance. A bounce that has not yet repaired the damage. 220.21 is what it must reclaim; 217.73 is the floor. Neutral.
Resistance: 220.21 - the lost trend line, now resistance
Key resistance: 222.43 - shelf above
Current price: 218.63
Support: 217.73 - the shelf holding
Key support: 214.58 - the gap-fill level
Structural floor: 213.43 - deeper support
Two paths from here:
It reclaims 220.21 and the gap holds. Reclaiming the trend line would repair Friday's damage and put the highs back in view. The floor at 217.73 is holding for now.
It loses 217.73 and fills the gap. A loss of the shelf opens 214.58 and completes the gap-fill. Below 217.73 the post-earnings pop fully fades.
NVDA is holding 217.73 but stuck below 220.21 - the bounce has not repaired Friday's drop. Reclaim 220.21 to fix it; lose 217.73 to fill the gap.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
After Friday's 4.5% drop, NVDA is holding the 217.73 shelf, trading 218.63, but remains below the 220.21 trend line it lost. The earnings gap is partly filled and the reclaim is still in question - price is stabilizing between 217.73 support and 220.21 resistance. A bounce that has not yet repaired the damage. 220.21 is what it must reclaim; 217.73 is the floor. Neutral.
Resistance: 220.21 - the lost trend line, now resistance
Key resistance: 222.43 - shelf above
Current price: 218.63
Support: 217.73 - the shelf holding
Key support: 214.58 - the gap-fill level
Structural floor: 213.43 - deeper support
Two paths from here:
It reclaims 220.21 and the gap holds. Reclaiming the trend line would repair Friday's damage and put the highs back in view. The floor at 217.73 is holding for now.
It loses 217.73 and fills the gap. A loss of the shelf opens 214.58 and completes the gap-fill. Below 217.73 the post-earnings pop fully fades.
NVDA is holding 217.73 but stuck below 220.21 - the bounce has not repaired Friday's drop. Reclaim 220.21 to fix it; lose 217.73 to fill the gap.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
Mapping macro structure, custom indicators, and radial geometry.
📊 View my published scripts: tradingview.com/u/virDeStatera/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Mapping macro structure, custom indicators, and radial geometry.
📊 View my published scripts: tradingview.com/u/virDeStatera/
📊 View my published scripts: tradingview.com/u/virDeStatera/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.