Saad Ullah
Nvidia just pulled off one of the cleanest technical moves you'll see. After breaking out above key resistance, the stock came back to test that level as support - and bounced hard. This isn't random price action. It's a textbook breakout retest, the kind that signals buyers are in control and ready to push higher.
The Technical Setup
Wick flagged the formation, and now all eyes are on whether NVDA can make the run to $200. Here's what the chart shows: Nvidia broke above $170, a level that had been capping gains for weeks. That old ceiling became the new floor. After some consolidation, the stock confirmed a bottom and blasted through the $184-$187 zone. The breakout arrow on the chart marks where momentum shifted. Support at $170 is now the line in the sand - hold that, and the rally stays alive. If bulls keep pushing, $200 is the next logical target.
Why the Rally Has Legs
Three factors are driving this move. First, AI demand isn't slowing down - Nvidia's chips are everywhere, powering the entire AI infrastructure boom. Second, earnings keep crushing expectations quarter after quarter, giving investors confidence to stay long. Third, institutional money is flooding into tech despite all the bubble talk floating around. When you combine technical strength with fundamental firepower, you get setups like this.
The bulls are in charge as long as NVDA holds above $184-$187. That zone is now critical support, and staying above it keeps the door open to $200. But if the stock slips below $170, the whole structure breaks down and we could see a real pullback. For now though, the momentum is clearly pointing up, and Wall Street is watching to see if Nvidia can punch through to new all-time highs.
Saad Ullah
