Nvidia Corporation shares closed Wednesday at $146, $4 below the $150 recovery threshold identified in a TradingView technical analysis. The Givtrade_Group chart for GETTEX:NVD made that level the immediate technical test after reports raised questions about CEO Jensen Huang’s position.

What did the post-close reports establish?

The Wall Street Journal reported after Wednesday’s close that Nvidia’s board was preparing to remove Jensen Huang. Bloomberg separately reported that the company was working with an outside firm on possible replacements.

Neither report established a completed leadership change. Nvidia had made no announcement and named no successor.

The company’s board opened an independent review on 8 November and expressed confidence in Huang and his leadership team at that time. That statement and the two post-close reports left investors without a confirmed leadership decision.

Givtrade_Group drew a clear line between report and confirmation: “That is the whole of what is actually confirmed.” The author’s broader warning was direct: “Nvidia is hanging on by a thread.”

What does $150 mean for Nvidia?

The chart treats $150 as the bullish threshold, requiring the shares to reclaim, or regain, that price and close back above it. From there, the analysis places $160-$175 in play as the first real test.

The 28.74 relative strength index reading supplies the principal counterweight to the downside setup. Givtrade_Group classified that RSI (relative strength index, a momentum gauge) as “deeply oversold” and the one factor working in favour of the bulls.

The bullish case therefore combines a prospective closing signal with an already extreme momentum reading. The $150 level would confirm the chart’s recovery route, while the 28.74 RSI reading describes momentum before any such confirmation.

That distinction keeps the RSI reading in a supporting role. Givtrade_Group cited 28.74 as one factor working for the bulls, but made $150 the required closing condition.

What does a close below $138 mean?

$138 serves as the bearish confirmation line: a daily close below it would confirm the break in the chart’s structure. Beneath that threshold, the analysis described the available structure as “thin” at $90.

Measured from the top of the range, the projected move implies roughly a 35% decline, which would land near $100. Givtrade_Group qualified that estimate with a short instruction to readers: “That is chart geometry.”

The $100 area therefore represents a technical projection rather than reported company guidance. Givtrade_Group’s qualification keeps the estimate within the chart’s framework.

At Wednesday’s $146 close, Nvidia stood $8 above $138 and $4 below $150. Neither closing trigger had occurred by the reported close, leaving the chart between its bullish and bearish cases.

Which levels define the decision framework?

The chart’s technical map contains seven specific markers:

• $146: Nvidia’s Wednesday close and the reference point for the setup.
• $150: the reclaim-and-close threshold required for the bullish case.
• $160-$175: the first real test that would follow a move above $150.
• 28.74 RSI: the deeply oversold momentum reading cited in favour of the bulls.
• $138: the daily-close level below which the chart would confirm a break.
• $90: the thin underlying structure identified beneath $138.
• Roughly 35%: the range-based decline from the top, landing near $100.

These markers create a conditional decision framework rather than a point forecast. A close above $150 would direct attention to $160-$175, while a close below $138 would shift the analysis toward $90 and the measured path near $100.

The leadership reports add a separate uncertainty to that price framework. They concern potential removal of Huang and possible external assistance with replacements, but Nvidia had named no successor and issued no announcement.

Givtrade_Group also placed unusual weight on the immediate trading level: “Nvidia is hanging on by a thread, and the level it’s hanging on is the only thing worth watching today.”

What would change the assessment?

A confirmed succession announcement would address the corporate question raised by the post-close reports. Without such an announcement, the board’s 8 November confidence statement and the two media reports remain separate, unreconciled pieces of information.

For the chart, the technical assessment would change through the closing levels specified in the analysis. A close above $150 would establish the bullish route toward $160-$175; a close below $138 would establish the bearish route toward the thin $90 area.

The 28.74 RSI reading could support the first route but would not replace $150 confirmation in the chart’s logic. Likewise, the roughly 35% measured decline toward $100 would remain conditional on the $138 break rather than operating as a standalone forecast.

The result is a tightly bounded setup with a $146 reference price, a $138 downside trigger and a $150 recovery threshold. The leadership question also remains unresolved, with no confirmed successor or company announcement.