Chart analysis: Nvidia (NVDA) breaks key trendline

Gareth Soloway Verified Investing

Shares of Nvidia (NVDA) broke a major support trendline that stretches back to April 7th, 2025. Up until the break, price has always bounced off of it, showing its staying power. However, that has changed.

Please note, a close below a trendlines is an unconfirmed breakdown. This alerts technical investors and traders that Nvidia is on thin ice. Should it confirm, the fall is likely to $150/share. However, until it confirms, it still has a chance to regain the support trendline at $184.00.

Today, the stock is trading higher off of ASML earnings. Interestingly enough, NVDA is trading at $184, back to that same trendline. However, the day is just getting started. As a technical trader I will be watching to see if it closes back above $184 (safe), below $184 (still a caution sign) or confirms with a close below $180 (confirmed breakdown).

Author

Gareth Soloway

Verified Investing

A renowned trader and financial expert specializing in chart analysis and market insights.

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