NVDA Is Back At 207.59 - The Level That Rejected Twice.

Jul 22

NVDA Is Back At 207.59 - The Level That Rejected Twice.

This is the one that matters. After two defenses of the 202.20 base, NVDA has climbed back to 207.59 - the exact level that rejected the last two attempts and the line that has defined the whole recovery. Price is 205.11, pressing up into it, up nearly two percent from the base. The daily conviction is constructive but the old bear print is still standing overhead. Third approach to a level that has turned price back twice. Whether it clears is the entire question. Neutral.

Resistance: 207.59 - the twice-rejected level, the decider
Key resistance: 210.71-213.43 - the supply zone above
Current price: 205.11
Support: 204.82 - first level to hold
Key support: 202.20 - the twice-defended base
Structural floor: 199.89 - first shelf below

Two paths from here:

207.59 finally clears and the recovery completes. Third tests of a level often break it, because each attempt absorbs the sellers stacked there. A close above 207.59 resolves the two-week base as a shakeout and opens the 210-213 supply zone. The base has done its work; this is the last gate.

207.59 rejects a third time. A level that holds three times is real resistance, and the bear print overhead is still standing. A third rejection sends price back toward 204.82 and keeps NVDA trapped in the 202-207 range it has been stuck in for a week.

Two defenses of the base got NVDA back to the level that matters. 207.59 is where the recovery is either confirmed or capped - and it has said no twice already.

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Study, not financial advice.

Jul 22

Note

Morning Update: Third time broke it.

NVDA cleared 207.59, ran to 214.49, and closed 212.06, up 2.30 percent. That is the first path in full, and the reasoning behind it paid - third tests break levels because each attempt absorbs the sellers stacked there. The two-week base resolved as a shakeout. One caveat worth naming: 4H conviction collapsed to bottom-quartile on the breakout with a brake signal and a high-sweep active. The level broke, the surface did not follow it.

Study, not financial advice.