Usman Salis
⬤ Nvidia shares pushed higher in recent trading, with NVDA climbing back toward the $196 mark after bouncing from a consolidation phase. The stock regained upward momentum following several hours of sideways movement, breaking through intraday resistance and confirming fresh bullish pressure.
⬤ The technical setup shows a clear recovery pattern, with NVDA reclaiming levels above $187.87 and accelerating on stronger buying volume. Several higher lows formed earlier in the session signaled growing demand before the breakout. The volume spike during the move up reinforced the momentum shift, while the RSI indicator showed rising strength in line with the rally.
⬤ NVDA held above key short-term moving averages, pointing to stability in the broader trend. The stock found support near $185.93 before reversing higher, creating a constructive setup that let buyers take control. The current move keeps Nvidia on its bullish path despite short-term swings.
⬤ This rebound matters because NVDA drives sentiment across semiconductor and AI sectors. Renewed strength in Nvidia helps support broader market confidence and keeps momentum going in tech stocks. The question now is whether NVDA can hold above the breakout zone and potentially test new short-term highs.
Usman Salis
