Eseandre Mordi
Nvidia (NVDA) stock is flexing its muscles again, climbing to its highest levels in months as bullish momentum sweeps back into the AI sector. The latest push toward $210–$220 has caught everyone's attention, showing renewed confidence in the chipmaker's dominant position at the heart of the global AI revolution.
Technical Picture Shows Strength
Trader "Don't follow Shardi B If You Hate Money" recently called the stock ready to "fly" — and the charts are backing that up. Nvidia (NVDA) hit $209.72 this week, up 3.57%, and is now testing a critical resistance zone between $220 and $229. This band marks the upper edge of its 2025 trading range and could be the launchpad toward new all-time highs.
The weekly chart tells a compelling story: strong green candles, expanding volume, and a clean uptrend structure. The RSI is running hot near 75, signaling powerful momentum but also hinting at possible short-term consolidation before the next leg up.
Key technical points: Higher highs and higher lows within an ascending channel since April 2025, heavy volume confirming the move, all major moving averages stacked bullishly (20/50/100/200 EMAs), the 20-week EMA around $176 providing solid dynamic support, and horizontal support layers at $185–$196. Above $229 lies blue sky territory with no prior resistance.
What's Driving This Rally
Three major forces are powering Nvidia's climb. First, AI demand continues exploding as the company's GPUs dominate data centers and model training worldwide. Second, earnings keep crushing expectations with record margins and expanding production capacity. Third, investor sentiment remains sky-high as AI adoption accelerates globally, positioning Nvidia as the prime beneficiary of this massive tech shift.
Levels That Matter
Watch $220–$229 as immediate resistance. If Nvidia breaks through with conviction, analysts see a clear path to new highs. On the downside, $196 offers short-term support, with $185 and $176 (the 20-week EMA) providing deeper safety nets. A pullback to the $196–$200 zone wouldn't derail the bullish case — it would actually strengthen the pattern for another run.
Eseandre Mordi
