Eseandre Mordi
NVIDIA (NVDA) is quietly building strength near a key technical level between $185–$190. Heavy trading volume in this zone suggests institutional accumulation rather than distribution. As the company enters its historically strong seasonal period, the technical setup looks increasingly constructive, supported by NVIDIA's central role in the global AI buildout.
A Technical Picture Taking Shape
Trader Jake Wujastyk recently shared a chart highlighting NVIDIA's current structure. After rallying from the April Pivot, the stock has carved out a tight range near $185, closing last week at $186.26, up 1.66%.
What stands out is the volume shelf—that thick horizontal bar representing massive trading activity clustered around $185–$190. This kind of concentration typically signals big players building positions, not exiting. It's a sign the stock is being absorbed at these prices, which often precedes further upside when the setup matures.
The price action remains constructive. NVIDIA has been making higher lows since April, and the current consolidation looks more like a coiling spring than a top. If the stock holds above $185 and clears $190, the next targets sit around $200–$210. A breakdown below $175 would signal weakness, though broader AI tailwinds make that less likely.
The AI Story Hasn't Slowed Down
NVIDIA's chart strength reflects fundamental reality. The company remains the essential supplier of GPUs powering data centers, autonomous systems, and AI applications. Demand for AI compute power continues to outpace supply, and NVIDIA is the primary beneficiary. When charts align with a story this strong, they tend to follow through.
As discussed in recent AI news coverage — NVIDIA’s influence extends far beyond semiconductors. It is shaping the infrastructure that powers the world’s artificial intelligence revolution, fueling demand across energy, logistics, robotics, and cloud computing sectors.
Seasonal Patterns and What's Next
NVIDIA has historically performed well in Q4, driven by year-end institutional positioning and tech sector momentum. The current consolidation fits this pattern perfectly—a build-up phase before a potential year-end push.
For traders watching the stock, the message is clear: NVIDIA is holding a key level, volume supports the structure, and the AI narrative remains intact. While short-term volatility is possible, the setup favors continuation over reversal. With AI demand showing no signs of cooling, NVIDIA remains one of the market's most compelling stories heading into year-end.
Eseandre Mordi
