Nvidia has been trying to push higher but selling pressures have been to great.
If the $171 range does not hold I believe in a buying opportunity at the $150 range, but this range may not be met for another 30-50 days. But it is crucial that the $150 range stay as a large support for the bulls otherwise we will have a lower low and moving down will be, in my opinion, inevitable.
However if the $170 levels hold, there could be enough momentum long term to move higher to the $192 and possibly the $217 area. If we break above those are the areas we need to watch.
If the $171 range does not hold I believe in a buying opportunity at the $150 range, but this range may not be met for another 30-50 days. But it is crucial that the $150 range stay as a large support for the bulls otherwise we will have a lower low and moving down will be, in my opinion, inevitable.
However if the $170 levels hold, there could be enough momentum long term to move higher to the $192 and possibly the $217 area. If we break above those are the areas we need to watch.