Brian Shannon on $NVDA (Oct 31, 2026)
Shannon has consistently avoided NVDA because successive breakout attempts have failed; now at its year-to-date pivot level and 200-day moving average, he questions whether any low-risk entry point exists there. A stop-loss just below the obvious 200 level is likely to be hit, with price slipping to 199.65 before bouncing.
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I have always talked about avoiding Nvidia because, as we have discussed, all of these hacks have failed. Breakthrough here, that deal was doomed to fail, just like this one, and this one, and this one too.
We've talked about this week after week . We are now at the pivot level since the beginning of the year and the 200-day moving average. Is there a pattern here that I can look at and say that I see a low-risk entry point?
Some of you might be thinking, "Okay, I'll buy here with a stop-loss order below 200." Well, many people believe that the stop-loss order should be below 200. So, the price is likely to drop to 199.65 and then bounce back, causing those who placed their orders below this obvious level to exit.
What this channel has said about $NVDA
Brian Shannon has 5 calls on this stock; only the adjacent ones are shown.