2026-02-27
Market Status: NVDA experiencing sharp bearish reversal! After hitting overbought territory (RSI 75.85), stock plunged -4.83% on Feb 26 and continued bleeding -2.22% on Feb 27. Price now trading below 9-day EMA ($177.23 vs $186.81) but still above 50/200 EMAs.
Technical Indicators: MACD histogram flipped negative (-0.48), signaling momentum shift. RSI cooled to 41.44, approaching neutral territory. The rapid two-day drop of -13.39 points (-6.84%) suggests profit-taking after overbought conditions.
Pattern Alert: Two consecutive large bearish candles with lower highs and lower lows indicate selling pressure accelerating. Watch for potential bounce or continued breakdown!
Prediction: Short-term bearish momentum likely continues tomorrow. Week may test lower support before any recovery attempt materializes.
Trend: ๐ป BEARISH
Candlestick Pattern: Two Black Crows (Feb 26-27: consecutive large bearish candles with lower highs, lower lows after overbought peak on Feb 25)
Support: ๐ข 176.38 (recent low wick from Feb 27)
Resistance: ๐ด 184.88 (Feb 26 close, now acting as resistance)
PUTBUY NVDA @ 175
Expiration: Mar 13, 2026 ยท 14 days out