TradingKey – NVIDIA (NASDAQ: NVDA) closed the week at $192.76, sliding within the blue channel sloping down under the 200-day EMA at $206.18. The Relative Strength Index (RSI) is at 31.82, clearly oversold. Recent candles are characterized by long lower shadows, signifying that buying is occurring in the $190 to $184 area.

The stock is down in most sessions since the May 20 earnings call where NVIDIA said it earned $81.6 billion in fiscal Q1 2027, a YoY growth rate of 85%. That was arguably the best quarter ever in the history of the semiconductor industry. The discrepancy between the company’s fundamentals and the stock’s price action is obvious as several issues, B200 lease pricing, exposure to China, selling by executives, and a…