NVIDIA$NVIDIA(NVDA.US)
When I look at NVIDIA’s weekly chart, what I notice is fatigue, not weakness. The stock has already made a huge move, and the market is no longer willing to push it higher without rest.
After rallying from the mid-80s to above 210, price failed to hold the highs and pulled back toward the rising moving averages. That rejection tells me buyers are no longer chasing. Price is now sitting near the 20 to 30 week EMA area, which feels like a natural pause after a strong run.
The MACD turning negative supports this view. Momentum is cooling, not breaking down. This looks less like distribution and more like the market letting excess emotion fade.
From my perspective, the trend remains intact. What is fading here is not confidence in NVIDIA, but urgency.
@Bridge Buzz SG
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