Nvidia Stock Dropped After CEO Delivered GTC Keynote—Watch These Key Levels | Global News Avenue

nvidia(NVDA) On Tuesday, CEO Jensen Huang delivered a highly anticipated keynote speech at the AI ​​chipmaker GTC conference.

During his time Two-hour demonstrationHuang launched the company’s roadmap in the next two years, Provides the latest information about its Blackwell and Next Generation Rubin chipsand also demonstrate cutting-edge AI technologies for robotics and telecommunications. Huang also announced a new partnership with General Motors (General) Train AI manufacturing models.

A series of announcements are not enough to enhance investors’ spirit. NVIDIA shares fell about 1% before the CEO began his speech, down 3.4% to below $115.43. Investors will seek further updates from NVIDIA as the meeting continues over the next few days.

After several years of explosive earnings, the company was upset with demand for the company’s AI products, NVIDIA shares were under pressure in early 2025, with stock trading volumes down 14% since the beginning of the year due to concerns about overspending AI infrastructure and uncertainty around the Trump administration Trade policies related to tariffs and chip exports.

As GTC 2025 progresses, let’s take a closer look at Nvidia’s Weekly chart And use Technical Analysis Find key price levels worth a look.

Descent Channel Merge

NVIDIA shares have been in the market since setting a record record in January Descending Channelit is possible to experience merge Recover the stage before its long-term uptrend.

Recently, the stock has found buyers near the lower trend line on the down channel Price action It has been kept unremarkable since then. at the same time, Relative Strength Index (RSI) Stay below 50 thresholds, pointing out weak momentum.

Let’s determine the key Support and resist Levels on the NVIDIA chart, i.e. investors may be monitoring and heralding an upside space Price target Track whether the stock resumes its long-term movement.

Key support levels for monitoring

one break down Below the lower trend line of the down channel, it could cause the stock to fall to around $96. The area on the chart may be supported near last March peak and August’s slot.

A larger drop could put the stock price down at the $76 level. Investors may seek Entrance point The area near the surrounding lows Pull back In stocks last April.

Important resistance levels

Purchasing from current levels could push up to around $132, and the location could offer elevated resistance nearby Horizontal line This links a series of comparable price points on the chart between June last year and February this year.

The next higher resistance level to watch is at the critical $150 level. Investors who include stocks at lower prices may see Lock profits In this area, it is located near a series of peaks with record highs in stocks.

Tracking upward targets

To predict potential long-term upward targets to track whether stocks resume upward trends, investors can apply bar model analysis, which analyzes previous trends to make future price predictions.

When applying this technology to NVIDIA’s charts, we list it as trend Move from October 2023 to March last year and cover them from this month’s lows. The analysis speculates that if a comparable move occurs, the possible upside target target is about $325. We chose this previous trend because it follows a similar merge pattern on the chart.

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As of the date of writing this article, the author does not own any of the above securities.