NVIDIA’s CEO, Jensen Huang, has publicly acknowledged an extramarital affair. There are reports that the woman involved had ties to Chinese intelligence. This has prompted an independent investigation by NVIDIA’s board. There are still significant unanswered questions, particularly about whether any sensitive information was compromised. For you as a trader, the immediate focus should be on how NVIDIA’s stock is reacting to this uncertainty, and what impact that reaction could have on the broader market.
NVIDIA’s Daily Chart: Testing a Key Support Level
Looking at the daily chart of NVIDIA (NVDA), I’ve really shrunk down the candles so you can see the history of the movement, especially since last year’s April 7th low at 86.62.
Shares right now are pressuring support from the March 30th, 2026 low at 164.27.
The RSI Power Zones on the daily chart are in the Bear Support Power Zone.
What I’d like to do here is point out some other significant levels to observe in the following days and potentially weeks.
Three NVDA Support Levels to Watch
If shares continue lower, there are three additional levels I’m keeping an eye on:
- 151.49 — the July 1st, 2025 low
- 142.03 — the June 23rd, 2025 low
- 132.92 — the May 30th, 2025 low
These are the supports I would watch for shares of NVIDIA to potentially trade down to if the 164.27 level is taken out.
Now, what does it mean to “take it out”? It means to close below that level and stay closed below it for more than one trading session.
NVDA Resistance Levels: What Could Signal a Recovery?
You can see there has been a fairly steep drop in the candles since October 28th.
Keep in mind that NVIDIA’s earnings are coming up on November 17th, so there will be a lot for the market to digest in just a week regarding this news and how it relates back to the company’s actual performance.
One thing I would monitor is any short-term price action, especially if shares get above Monday’s high at 179.92.
That might allow for further recovery back toward 200.92, the low from October 30th.
I’m bringing this chart to your attention, not because of the salacious material at hand, but because of the impact this could have on a stock that is such a huge component of many market indexes and portfolios.
We’ll see what unfolds both fronts regarding the company and stock performance.
Recent HimaReddy Blog Archives:
- Nov 9th: How to Find High-Probability Trade Setups
- Nov 6th: How to Adjust Your Trading to Volatile Market Conditions
- Nov 5th: Understanding Jobs Data: What Traders Need to Know
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