Market Leader Nvidia (NVDA) Struggling At Key Fibonacci Resistance!

Technology stocks have lead the market higher for nearly 2 decades. Semiconductors have been a big part of that leadership.

And the leader of all leaders, Nvidia (NVDA), has helped the Nasdaq soar over the past year.

But its leadership has come into question of late… is Nvidia’s stock price stalling out at a key price level?

Today we look at a “weekly” chart of NVDA and highlight a critically important resistance level.

Sign up for our FREE newsletter
and receive our best trading ideas and research

As you can see, Nvidia’s rally stalled out at the 1.61 Fibonacci extension level at (1) and continues to struggle with this Fibonacci level, bumping up against it a few times over the past four months.

Will this pattern result in a major price top or will Nvidia (NVDA) be able to breakout above this key Fib level? How NVDA resolves this resistance will send a critical message to the technology sector and broad market. Stay tuned!

$NVDA Nvidia “weekly” Stock Chart

nvda nvidia stock price fibonacci resistance peak top high chart analysis image

Note that KimbleCharting is offering a 2 week Free trial to See It Market readers. Just send me an email to for details to get set up.

Twitter:  @KimbleCharting

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.