If this Nvidia support level breaks, it could be ‘goodnight' for NVDA stock

Stock Performance and Technical Analysis - Nvidia stock is currently trading at $138 68, up 0 98% on the day, but down over 5% for the past month, showing signs of vulnerability [1] - A head-and-shoulders formation has emerged, signaling potential trouble ahead, with a critical support level at $132 [3][4] - The trading range over the past month has been between $131 80 and $152 89, highlighting the volatility Nvidia has faced [4] - Nvidia is currently consolidating near the middle of this range, with a support zone stretching from $135 06 to $137 33 and resistance between $139 32 and $140 95 [4] Analyst Outlook and Price Targets - Analysts remain cautiously optimistic, provided Nvidia holds its current support range between $135 and $140 [5] - A price target of $150 is still in play from these levels, but a drop below $135 could invalidate bullish setups and set off further declines [5] - A break below $132 could open the floodgates for a steeper correction [5] Market Comparison - Despite trading near the upper end of its 52-week range, Nvidia's recent performance has lagged behind the S&P 500, which is hovering near new highs [5]