NVDA is at a support level around 212 to 208, where buyers have appeared, so a bounce is possible; but prior attempts showed buyers could not overcome sellers, so the bounce is not assured and price must reclaim the level to signal buyer control.
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Before you rush to buy the dips on any of these harsh, heavy selling days, stocks like Nvidia, Micron, AMD, Intel, Broadcom, and you saw others like Seagate and SanDisk, right?
LRCX, what is it ? Lam Research, Amat, and Applied Materials are some scary and worrying stocks; Meta is down 8%. Amazon's stock fell by 5% . Before you proceed to buy dips in any of them , I would like to give you some advice on how important it is to pause and wait a moment.
Hold back and wait a moment until the market tells you that it's time to move.
So, applying this idea to some of these big names, hey, Nvidia is actually sitting at a support level right now . Now, does that mean it will bounce back from here, say between 212 and 208, approximately?
That might be possible. It already shows you that buyers want to appear in this area . Now, remember, if the price goes above this level, consider it as such . Buyers appeared, but they did not have enough power to overcome the sellers.
Good? So, the command blocks work. It definitely works. As you can see right here . This order block was created in May 2026, then the price dropped, rose, was rejected, then dropped , dropped, then rose again , rose, was rejected, then rose, was rejected again.
It took three or four attempts to rise to finally exhaust all the sellers. So, this is the first time the price has fallen back to this level. Could this be a point from which the price might bounce back after this moment? Absolutely, that's possible .
What this channel has said about $NVDA
Christopher Uhl - OVTLYR has 8 calls on this stock; only the adjacent ones are shown.