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NVDA stock showed a clear upward trajectory, starting from the $85 level and rebounding to peak near $213. This move represents a major trend wave supported by strong buying momentum and clear institutional liquidity
The general path of a stock
In the medium to long term, the overall trend remains bullish.
The rising wave from 85→213 is a relatively complete trend wave.
What the stock is seeing now is a natural corrective wave within an overall bullish backdrop, which is not considered negative as long as they remain within key support levels.
Key Support – $166 Level
The $166 level serves as key support in the weekly range.
This level represents an important area of balance between buyers and sellers.
Positive scenario:
If support 166 is respected and the top remains stable, it is expected:
The end of the current correction wave.
Resume upward trajectory.
Retargeting the previous high of $213.
Support interruption scenarios
If the $166 level is broken and the weekly close is clear:
The correction wave may continue to extend into deeper areas.
The following support is expected:
$149
$135
These areas are potential gathering areas to gain the momentum needed to initiate new shock waves.
future goals
If the stock succeeds in forming a strong price base.
$225
$260
In the longer term, this move will extend to the $300 area.
in conclusion
The stock remains within a healthy bullish structure.
The current adjustment is normal within the context of the trend.
The $166 level is key to the path:
Consistency above = positive continuation.
Break through it = correction deepens, replenishing momentum before a new beginning.
