Earlier this week, however, price action wasn’t one-way. On Tuesday, Nvidia shares saw a sharp drop, falling from Monday’s high of $173.17 to a low of $164.58. That move tested key technical support — buyers stepped in near the moving averages, sparking a strong rebound.
Dips have repeatedly found support at the 50-hour moving average, or — if that level is broken — at the 100-hour moving average.
Understanding where bias flips is critical: as long as price remains above these moving averages, the bullish trend stays intact. A break below would shift the short-term bias to the downside — a different trading story entirely.
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