“On a long-term technical basis, the stock (NVDA) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 178.89 and 165.94. If the stock breaks down through support at 178.89 then it will probably continue lower to 165.94. The stock has resistance at 192.81 and at 292.81. If the stock breaks up through resistance at 192.81 then it will probably continue higher to 292.81. The 200-day moving average is at 160.03. This will also act as support. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 178.89 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (88.97).”