NVDA: Bullish Reversal or More Chop?

NVIDIA (NVDA) has been consolidating within a defined range, and indicators are flashing early bullish signals. But is this the start of an uptrend or just another fakeout? Let’s break it down:

Key Technical Indicators
MACD Crossover Forming

MACD is turning upwards with light green histogram bars emerging.
A bullish crossover could confirm the momentum shift.
RSI Recovering from Weakness

Currently at 42.55, still below 50 but climbing.
If RSI crosses above 50, it could signal growing bullish strength.
Sentiment Shifting from Bearish to Bullish

Sentiment indicator is still negative at -2.70, but green bars are starting to emerge.
If the sentiment turns fully positive, we could see stronger buying pressure.
Possible Scenarios
Bullish Case: If MACD confirms a crossover, RSI moves above 50, and sentiment turns green, NVDA could push towards new highs.
Bearish Case: If price action stalls, MACD fails to cross up, and RSI remains weak, we could see further consolidation or a breakdown.

Trading Plan & Key Levels to Watch
Breakout Confirmation: RSI crossing 50 + MACD bullish crossover
Support Zone: $127 - $130
Resistance Zone: $140 - $145

Final Thoughts:
NVDA is at a critical turning point—either it confirms a bullish breakout or remains stuck in consolidation. Watch volume for confirmation!

What’s your take? Will NVDA break out, or is this just a fake move? Comment below! #NVDA #Trading #Stocks #TechnicalAnalysis #Breakout