$NVDA

Short NVDA if price hits 255-256 resistance; historical pattern suggests corrective move.

BearishHe framed it in days
“Rates And Oil Fall, S&P Set To Blast Through All-Time Highs, Here Are The TOP Trades”
Verified InvestingPublished Oct 6 · 3 passages

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Now, the chart we should focus on is "Nvidia". Nvidia set a new record yesterday. It is on the rise again today. I have been closely observing this wedge pattern. You have clear support levels that are working great, and clear resistance levels that are working great too.

The answer is that if Nvidia rises to that level, I will sell it short. Why? Well, because every time this trend line has touched in the past, we have seen a significant corrective move.

So, who am I to think anything different until proven otherwise? I'm not saying every level on the chart will work, but at least the odds are in my favor, and I'll look to short Nvidia if it hits the 255-256 level here.

What this channel has said about $NVDA

Verified Investing has 16 calls on this stock; only the adjacent ones are shown.

2026-10-06BearishThis one
Now, the chart we should focus on is "Nvidia". Nvidia set a new record yesterday. It is on the rise again today.
Direction flip
2026-10-05Bullish
Okay, let's take a look at the next one, Nvidia. Jensen Huang was there. There are huge crowds of people at this meeting, guys. If we look at "Nvidia", look at this, guys. It forms good resistance at this pivot area , and is somewhat similar to an "inverted head and shoulders" pattern. Well, it's not entirely clear. So it is in principle, but if we draw the trend line, here it is, the neckline. I mean, we are now talking about key, important levels. In fact, if we look at the market value of Nvidia, let's see here. The market value, wow. Look at that. This is absolutely crazy. $5.69 trillion and we are looking forward to a big move. This stock will be difficult to move, but it has achieved 20% in the past. Certainly, he has made bigger moves than that in the past. This point represents a 43% movement in approximately 43 days. Therefore, do not rule out a 20% move for Nvidia. If we see an upward move, you are looking at approximately $276.
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