{"id":440186,"date":"2026-10-15T23:40:09","date_gmt":"2026-10-15T16:40:09","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nvidia-has-gapped-to-the-downside-and-tested-a-key-technical-target-area-what-next-440186\/"},"modified":"2026-10-15T23:40:09","modified_gmt":"2026-10-15T16:40:09","slug":"nvidia-has-gapped-to-the-downside-and-tested-a-key-technical-target-area-what-next","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nvidia-has-gapped-to-the-downside-and-tested-a-key-technical-target-area-what-next-440186\/","title":{"rendered":"Nvidia has gapped to the downside and tested a key technical target area.  What next?"},"content":{"rendered":"<div>\n<p>Just last Tuesday, Nvidia traded at an all-time high of $243.37. Since then, six of the past seven trading days have produced lower closes. Today\u2019s low reached $212.85, representing a decline of 12.54% from that record high.<\/p>\n<p>That is a sharp reversal. However, today\u2019s selling also brought the price to a key technical support area\u2014and buyers have responded.<\/p>\n<\/p>\n<p>Sellers had their shot below support<\/p>\n<p>The move lower picked up steam after Nvidia broke below a swing area defined by prior highs between $230.32 and $236.54. That break gave sellers more control and turned the former support area into overhead resistance.<\/p>\n<p>Today\u2019s gap lower brought two additional technical levels into play:<\/p>\n<ul>\n<li>\n<p>100-day moving average: $214.47<\/p>\n<\/li>\n<li>\n<p>38.2% retracement of the 2026 trading range: $213.15<\/p>\n<\/li>\n<\/ul>\n<p>The low at $212.85 briefly broke below both levels. However, sellers could not sustain the break, and the price has rebounded toward $217.<\/p>\n<p>The sellers had their shot below support, and they missed. Now the buyers need to build on that recovery.<\/p>\n<p>A familiar test of the 100-day moving average<\/p>\n<p>Back on September 14, Nvidia also traded below its 100-day moving average. The following day, the price held above that moving average, helping set the stage for the eventual run to a record high.<\/p>\n<p>Today\u2019s recovery has a similar starting point, but the follow-through still needs to develop.<\/p>\n<p>For traders focused on defining risk, the message is straightforward: holding above $214.47 keeps the recovery attempt intact, with $213.15 providing another nearby reference. A sustained move below both would weaken the buyers\u2019 case and put sellers back in control.<\/p>\n<p>Holding support creates an opportunity for a bounce. It does not tell us how far that bounce will go.<\/p>\n<p>What would give buyers more confidence?<\/p>\n<p>The hourly chart provides the next upside hurdles:<\/p>\n<ul>\n<li>\n<p>Near $222: The broken upward-sloping channel trendline.<\/p>\n<\/li>\n<li>\n<p>$226.14: The 200-hour moving average.<\/p>\n<\/li>\n<li>\n<p>$230.63: The 100-hour moving average, within the broader $230.32\u2013$236.54 swing area.<\/p>\n<\/li>\n<\/ul>\n<p>Moving back above $222 would be a first step. Recovering the 200-hour moving average and then the 100-hour moving average would give buyers progressively more technical control.<\/p>\n<p>The trading lesson: support defines risk; resistance measures progress<\/p>\n<p>Buyers have defended an important area, but they still have work to do.<\/p>\n<p>The support below gives traders a place to assess whether the recovery is holding. The resistance above provides checkpoints to judge whether buyers are gaining control.<\/p>\n<p>For now, Nvidia is caught between those levels. Watch whether support continues to hold\u2014and then wait for the next shove.<\/p>\n<p>In the video, I walk through the daily and hourly technical levels that will help tell the story.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Just last Tuesday, Nvidia traded at an all-time high of $243.37. Since then, six of the past seven trading days have produced lower closes. Today\u2019s low reached $212.85, representing a decline of&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-440186","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=440186"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440186\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}