Usman Salis
Nvidia has reached a crucial moment that technical traders have been anticipating for weeks. After months of watching the stock work its way down from recent highs, NVDA has finally filled a key gap that's been sitting on charts since mid-July. This completion often signals important turning points in a stock's trajectory, making it a critical juncture for both bulls and bears watching the AI giant.
NVDA Price Action Hits Key Technical Target
Trader @Barchart pointed out that Nvidia just hit a major technical milestone with its gap fill completion. On September 5, 2025, NVDA dropped almost 3% during the trading session, finishing around $166.60 after hitting that red-dashed support area shown on the charts. That gap from mid-July that everyone's been watching? It's now completely filled.
This is a big deal because when gaps get filled, stocks often change direction. Traders are now glued to their screens, waiting to see if Nvidia will bounce back from this level or if the selling will continue and push the stock even lower.
Looking at the chart, you can see Nvidia has pulled back from its $185 August high all the way down to this $164 support area. The bears have been running the show lately, with red candles piling up as sellers keep hitting the stock.
If NVDA can hold its ground above $164, we might see it bounce back toward the $175–180 range. But if this support level cracks, the next stop could be closer to $150. Right now, it's anyone's guess which way this goes.
Fundamentals Still in Focus
Even though the chart doesn't look great right now, Nvidia's position as the AI king and the ongoing demand for semiconductors are still massive positives for the long run. The problem is that broader market worries, rising interest rates, and all the Fed uncertainty are putting pressure on growth stocks like NVDA.
Investors are going to be watching for any earnings updates and keeping an eye on overall market mood for hints about what's next. If the stock can bounce here, it could get the bulls excited again. But if it keeps falling, this correction might have more room to run.
Usman Salis
