Verified Investing on $NVDA (Nov 3, 2026)

Despite a red candle today, Nvidia rose 2.29%, the largest among our major companies . Good day for Nvidia, but I wanted to show you what's happening on Nvidia's chart . This is a parallel channel that is rising in the long term .

Here you can see, I have the earnings announcement date. Not until later this month, on November 17th . In the past three trading days, you can clearly see that we have been trading below this parallel channel.

Now, the main thing here is that we have not confirmed the closure under this parallel channel. All we did was record one good closing candle here. With the next candle , we did not close below it.

Clearly, we did not close below this candle range today either. This is what needs to be done before we can confirm a breakdown in this parallel channel for Nvidia's stock. So far, Nvidia is fighting and doing its best to recover, touching the lower end of this channel, and most importantly, getting back inside it .

If selling pressure returns for any reason, the next support level Nvidia will test is $194.49, which is just below the psychological barrier of $200. This could be the position where Nvidia can attempt to climb back to the bottom of this parallel channel.

But everything depends on how we close down. Will we close each day under the candle on Friday, October 30th first? If that happens, the odds are likely to point to a further decline towards the support level, then an attempt to return to the bottom of the parallel channel.

At the moment, we are in a somewhat neutral zone. Trading currently near the upper range of these three candles indicates that Nvidia does not want to break down in the near term, and is instead trying to restore the parallel channel without confirming the breakdown.

Interesting things are happening at Nvidia; It looks like it's in a state of collapse, but it hasn't completely slipped yet.