NVIDIA’s rally since April was powered by AI infrastructure demand and a rebound in risk sentiment after tariff and export-control concerns were digested. Strong hyperscaler capex and global AI partnerships reinforced the bottom-up story, while a broader tech bid lifted growth equities. Yet, the same catalysts pose risks: valuation stretch, regulatory noise, and questions on AI monetisation timelines leave room for volatility.
Technical Lens:
Price action suggests NVDA is tracking a larger wave (3). However, the sub-wave structure remains unproven, with only a shallow 23.6% retracement, leaving scope for further correction. Current consolidation sits at a decision point, supported by RSI, which remains mid-range with room to extend higher.
Scenarios:
If breakout holds: Momentum can carry into the next impulsive leg of wave (3), supported by structural demand.
If breakout fails: Price could rotate lower toward the anchored VWAP from April 2025 lows, a key support zone.
Catalysts:
Ongoing AI-driven hyperscaler spend and sovereign partnerships (upside).
Renewed U.S.–China export restrictions or capex digestion (downside).
Macro policy shifts and market positioning into year-end.
Takeaway:
This is a consolidation decision point within wave (3). Breakout = continuation, failure = correction toward April VWAP support.
Technical Lens:
Price action suggests NVDA is tracking a larger wave (3). However, the sub-wave structure remains unproven, with only a shallow 23.6% retracement, leaving scope for further correction. Current consolidation sits at a decision point, supported by RSI, which remains mid-range with room to extend higher.
Scenarios:
If breakout holds: Momentum can carry into the next impulsive leg of wave (3), supported by structural demand.
If breakout fails: Price could rotate lower toward the anchored VWAP from April 2025 lows, a key support zone.
Catalysts:
Ongoing AI-driven hyperscaler spend and sovereign partnerships (upside).
Renewed U.S.–China export restrictions or capex digestion (downside).
Macro policy shifts and market positioning into year-end.
Takeaway:
This is a consolidation decision point within wave (3). Breakout = continuation, failure = correction toward April VWAP support.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.