NVDA Pushed 223 Then Pulled Back To Digest.
NVDA Pushed 223 Then Pulled Back To Digest.
The leader is resting. NVDA extended to a new high at 223.63 - Thursday's continuation path - then pulled back to 220, digesting the run while holding above 217.73. The trend is intact but the signs of stretch are building: both a high-sweep and an NR7 are now active, and the surface has cooled to bottom-quartile. After a run from 189 to 223 nearly non-stop, this is a leader that has earned a pause. Holding gains, but extended. Neutral.
Resistance: 223.63 - the new high
Key resistance: 224.15 - next level up
Current price: 220.05
Support: 217.73 - first support
Key support: 217.49 - the trend line
Structural floor: 213.43 - deeper support
Two paths from here:
It holds 217.49 and pushes the high again. Digesting near a new high without breaking the trend line keeps NVDA leading. A reclaim of 223.63 opens 224 and beyond. The uptrend is still in force.
The stretch resolves in a pullback. A high-sweep plus an NR7 plus a cooled surface after a vertical run is a classic setup for a rest. A loss of 217.49 would be the first real pullback, likely toward 213. Extended leaders correct hardest.
NVDA hit 223 and is digesting - the leader taking a breather after a huge run. 217.49 is the trend line that keeps it intact; the building anti-signals say a pullback would not be a surprise here.
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Study, not financial advice.