NVDA Daily Playbook
NVDA is trading at 204.65, caught between a flattening 50-SMA at 208.74 (now acting as near-term resistance) and a rising 200-SMA at 189.70, with price sitting 7.88% above that longer-term trend line — so the broader uptrend remains intact even as short-term momentum has cooled. RSI at 45.34 is neutral-to-soft, and MACD at -1.30 below its signal at 0.13 confirms that downside momentum has the upper hand on the daily timeframe. The setup is a mean-reversion squeeze: bulls need a reclaim and daily close back above the 50-SMA (208.74) to neutralize the MACD cross and open room toward recent range highs, while bears will look to press any failure under the 200–205 shelf toward the 200-SMA zone near 189.70. Trigger for a constructive read is a momentum thrust through 208.74 with RSI pushing back above 50; absent that, rallies into the 50-SMA risk being sold. The bullish thesis weakens on a decisive break and hold below the 200-SMA at 189.70, which would mark a structural shift rather than a routine pullback.