NVIDIA Corporation — daily chart analysis

NVDA’s daily chart shows an uneven base through early 2026, followed by a spring advance from 164.27 to 236.54. A later correction found support near 190 before another rally reached 243.37 in October. From that peak, lower highs and lower lows led to breaks below 200 and the 190 area. The gap-driven decline reached 165.89, near the old base floor, before rebounding to a reference price of 174.51. Recent selling volume expanded sharply relative to the earlier average, supporting the significance of the break. Oversold momentum leaves room for a bounce, but does not by itself establish a reversal.

The saved thesis is a conditional short watch, not an active trade. It favors a failed retest of broken support rather than chasing the decline near historical demand. First, price must rally into 190–195 and complete a daily close back below 190; only then would a subsequent retest of 188–190 be considered, while price remains below 201. Renewed selling on that retest would support the projected move back toward 165.89, the recent low and upper edge of the marked 164.07–165.89 historical support zone. There is no current trigger. After activation, a move to 201 invalidates the short thesis; a gap above that level could result in an exit worse than the reference stop.