NVDA Defended 202.20 A Second Time.
The base held again. NVDA came back to 202.20 for the second test flagged yesterday and defended it, bouncing to 205.95 and reclaiming 204.82 for the second time in three sessions. The daily has turned constructive - a long thesis with top-quartile conviction and an entry forming - though the old daily bear print is still standing and the daily is reading panic. Two successful defenses of the same level is what a floor looks like. The level that decides the recovery is still 207.59. Neutral.
Resistance: 207.59 - the lost breakout level, still the decider
Key resistance: 213.43-213.81 - the prior high
Current price: 205.95
Support: 204.82 - reclaimed again
Key support: 202.20 - the twice-defended base
Structural floor: 199.89 - first shelf below
Two paths from here:
The second defense leads to a real reclaim of 207.59. A base that holds twice, with the daily turning long and conviction top-quartile, is a genuine floor. Take 207.59 and the entire drop resolves as a two-week shakeout with 213 back in view.
It stalls under 207.59 for a third time. NVDA has already failed at that level twice. A third rejection with a bear print still standing overhead makes 202.20 a third test - and third tests of a level usually break it.
Two defenses of 202.20 have made it a real floor. But the recovery does not exist until 207.59 goes, and that level has rejected twice already.
Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS
Study, not financial advice.
The base held again. NVDA came back to 202.20 for the second test flagged yesterday and defended it, bouncing to 205.95 and reclaiming 204.82 for the second time in three sessions. The daily has turned constructive - a long thesis with top-quartile conviction and an entry forming - though the old daily bear print is still standing and the daily is reading panic. Two successful defenses of the same level is what a floor looks like. The level that decides the recovery is still 207.59. Neutral.
Resistance: 207.59 - the lost breakout level, still the decider
Key resistance: 213.43-213.81 - the prior high
Current price: 205.95
Support: 204.82 - reclaimed again
Key support: 202.20 - the twice-defended base
Structural floor: 199.89 - first shelf below
Two paths from here:
The second defense leads to a real reclaim of 207.59. A base that holds twice, with the daily turning long and conviction top-quartile, is a genuine floor. Take 207.59 and the entire drop resolves as a two-week shakeout with 213 back in view.
It stalls under 207.59 for a third time. NVDA has already failed at that level twice. A third rejection with a bear print still standing overhead makes 202.20 a third test - and third tests of a level usually break it.
Two defenses of 202.20 have made it a real floor. But the recovery does not exist until 207.59 goes, and that level has rejected twice already.
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/virDeStratera/
📊 View my published scripts: tradingview.com/u/virDeStratera/
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/virDeStratera/
📊 View my published scripts: tradingview.com/u/virDeStratera/
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.