Eseandre Mordi
⬤ Nvidia picked up momentum again after November's brief decline, pushing back above its 21-day EMA and holding steady along a long-term rising trendline. The stock closed around $185.55, showing renewed buying interest after several weeks of choppy trading that had investors questioning whether the rally was losing steam.
⬤ The chart reveals a quick bounce from what initially looked like a breakdown below trend support. That recovery brought NVDA back inside a tightening pattern, with the 21-day EMA acting as a floor for the recent move. The stock's now testing the upper edge of a descending resistance channel, though it hasn't broken through yet. This setup suggests NVDA's coiling up within a narrower range, which often happens before a bigger directional move.
⬤ What stands out is how NVDA respected its long-term uptrend even during the recent weakness. After hitting early December lows, the stock climbed back and is now consolidating near levels that historically led to stronger momentum. Throughout 2025, Nvidia's managed to maintain its overall upward structure despite multiple corrections and market volatility that shook out weaker hands.
⬤ Nvidia's technical positioning matters beyond just the stock itself. As a major player in semiconductors and AI, NVDA's ability to hold above key moving averages and trend support often influences broader market sentiment and sector momentum heading into the next quarter.
Eseandre Mordi
