Prior Levels Caution
Analyst's reasoning:NVDA showed better relative strength versus the prior day, and the discussion centers on whether it can avoid selling back into the breakdown area. If that line breaks, the setup deteriorates, but for now the “held in a little bit better” behavior supports staying constructive.
Analyst's reasoning:The stock is down more than the surrounding stability narrative suggests, and the speaker emphasizes caution rather than confidence. With the tape pressured across semis, NVDA needs a clearer fundamental positive to offset the near-term weakness.
Analyst's reasoning:The steep selloff raises the odds of further downside before buyers step in meaningfully. The speaker argues a move back toward key levels is not something to pre-commit to because it could extend down another 5% to 7% first.
- 6/4BULL
- 6/5BEAR
- 6/8BULL
- 5/20BULL
- 6/6BEAR