NVDA momentum has turned downward and the stock sits at support, but the pattern is very bad, so any slight bounce here is likely a selling opportunity. The decline may continue until January or February of next year; this is not the right time to buy, and possibly not until next year.

Nvidia, of course, is the stock that everyone is watching and which has a huge valuation. This is where the momentum shifted to a downward trend, exactly at this point. It is at the support level now, as you can see.

Now, look at this course . It is set up upwards. This suggests that the next surge will likely reach a new record high, and this has already happened . Now, the stock has retreated to the support level and the momentum has turned downward.

So, when momentum declines, it is likely to continue to fall, and this could continue until January or February of next year. Here you can see the formation of a leftward shift pattern in this cycle.

This means the stock is likely to fluctuate here and will see a decline until November, just like the rest of the stocks at that time. So, it is at the support level, but this pattern is very bad, and this suggests to me that if a slight bounce occurs here, it is likely to be a selling opportunity.

Even if you are interested in buying Nvidia stock, this does not seem to be the right time, and it may not be the right time at all, especially for investors, until next year.