Nvidia Closes Above $165 Amid Potential Breakdown Concerns

Nvidia's stock closed above $165 on March 30, following a decline of over 9% since March 25. According to NS3.AI, this positions the stock on a head-and-shoulders neckline, suggesting an 11% potential breakdown if it fails to hold. The put-call volume ratio decreased to 0.74 by March 30 from 0.89 on March 25, indicating increased call activity during the downturn.