Nvidia's Stock Pullback: Key Support Level Ahead of Earnings

Nvidia's stock closed at $198.48 on May 4, approximately 8% below its recent high of $216.87 on April 27. According to NS3.AI, the 20-day Exponential Moving Average (EMA) at $198.20 serves as a crucial support level as the company approaches its earnings report on May 20. This pullback aligns with a bull flag pattern, suggesting that the uptrend from late March to April remains intact unless the support level is breached.