Usman Salis
⬤ Nvidia shares pushed higher in early trading, moving closer to the closely watched $187 mark that analysts have been tracking. The stock has broken above a descending trendline that capped its upside through late November, showing renewed strength after bouncing from the $176.97 support area. Multiple rounded bottoms formed during consolidation helped stabilize the price action.
⬤ The chart shows NVDA regaining momentum as it pushed into the $183-$184 range, signaling buyers are stepping back in. A major supply zone sits between $186.97 and $192.48, where the stock previously hit resistance. This makes the upcoming test of that area crucial for determining the next directional move.
⬤ Momentum indicators are looking better, with the oscillator lifting out of oversold territory into a more constructive range. NVDA has created a sequence of higher lows compared to late November, suggesting sentiment across semiconductor stocks is stabilizing. The stock has reclaimed several short-term technical levels, strengthening its chart structure.
⬤ The $187 level will likely determine whether NVDA breaks into a stronger rally phase or stays trapped in its multi-week range. A sustained move through the resistance band could signal improving confidence in high-growth tech stocks and shift momentum across the entire semiconductor sector. If the stock stalls below this zone, it would reinforce the current consolidation pattern as Nvidia navigates a technically crowded market.
Usman Salis
