Market Carve
Summary

2026-02-05

Market Status: NVDA is in a concerning downtrend, closing at $172.84 after three consecutive red days. The stock has fallen below its 9-day EMA ($181.86) and 50-day EMA ($184.40), signaling weakening momentum. However, it remains above the 200-day EMA ($170.09), providing crucial long-term support.


Technical Indicators: The MACD histogram is deeply negative at -1.55, showing strong bearish momentum. RSI has dropped to 34.34, approaching oversold territory (30) but not quite there yet. The price action shows sustained selling pressure with lower highs and lower lows.


Prediction: Tomorrow likely another red candle as momentum remains bearish. However, the weekly close may find support near the 200 EMA around $170. A bounce attempt is possible if RSI dips below 30.

Insights

Trend: ๐Ÿป BEARISH

Candlestick Pattern: Three Black Crows (2026-02-03 to 2026-02-05: three consecutive bearish candles with progressively lower closes)

Support: ๐ŸŸข 170.09 (200-day EMA and psychological level)

Resistance: ๐Ÿ”ด 179.58 (Feb 4 high and recent rejection point)

PUTBUY NVDA @ 170

Expiration: Feb 19, 2026 ยท 14 days out

NVDA