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Nvidia stock may drop $165 by August 2026 amid bearish technical pattern despite strong earnings.

Technical Signals
01 Jul 2026
Finbold
View Source
Bearish
pluang ai news

Technical analyst TradingShot predicts Nvidia's stock could fall by $165 by late August 2026, based on a bearish ascending triangle pattern seen in weekly charts. This pattern, which has repeated twice since 2024, suggests a pullback to the $165 support level before any sustained rebound. However, Nvidia's strong financial results, including 85% revenue growth and 139% earnings rise in the latest quarter, contrast with the technical outlook. A break below $165 could lead to deeper declines, while a close above $230 would favor an uptrend continuation.

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