Verified Investing on $NVDA (Nov 9, 2026)

All of this happened when the CEO of Nvidia became embroiled in an espionage case in China. This led to significant selling pressure on Nvidia shares while the rise continued.

Next, we move on to Nvidia stock, which saw heavy selling today and nearly peaked, presenting an excellent short-term buying opportunity, as evidenced by the pivot peak that occurred in January 2025.

You might be wondering, Drew, why I chose this particular peak? Well, if you look at the continuation patterns in these charts, you will notice how Nvidia's stock, when it rose to June 2024, continued to move sideways until April 2025, then rose again and broke out in June 2025.

This was the breakout point that set a different direction from all this continuous sideways movement, which might be described as chaotic ups and downs, but was actually coherent.

So, this was the point that marked the change. When the price fell, this pivot point was formed. So, I took the apex of the axis and drew it down to this axis. Coincidentally, it came exactly at the point where the accumulation phase had begun before the breakout.

This illustrates that this trend line will be crucial if the price falls back to it. The price has collapsed today directly to this level, as you can see, with the price on the daily Relative Strength Index (RSI) extending below 30, even at the current close of 27.4.

Now, there is bad news about Nvidia. We do not know all the details about what was leaked, and the quantity of products that were illegally sold to China. We do not know if this decline has ended, at least in the near term.

However, we are expected to see a technical rebound, which could lift us to at least $190. Notice from this upward trend line that we have not yet fallen back to the bottom of this line.

Let's assume that this news has faded and Nvidia's stock has declined; I believe that Nvidia's stock could rise again above $223. First and foremost, this pivotal level of $190 must be surpassed.

But it's an excellent short-term buying opportunity for those who buy Nvidia shares at their lowest point today, as the share price has risen by more than $8.