Artem Voloskovets
After weeks of choppy trading, NVIDIA stock is showing signs of life again. The stock has climbed back above a critical support zone around $185, and technical analysts are starting to talk about $200 as the next realistic target—a level that carries both psychological weight and technical significance.
What the Chart Shows
According to trader analysis Peter DiCarlo, NVIDIA has defended its mid-range support and appears to be building momentum for another push higher, supported by both chart patterns and renewed optimism around AI demand.
The technical setup is textbook. NVIDIA has formed an inverse head-and-shoulders pattern—one of the most reliable signals that a downtrend is ending and an uptrend is beginning. The left shoulder formed around $168, the head dipped to $164, and the right shoulder bounced from $168.4. The stock has now broken above its liquidity zone between $182-$185, turning former resistance into support.
Currently trading at $187.20, NVIDIA is testing the upper edge of this zone. Volume is picking up on the upside, and momentum indicators are turning green after weeks of selling pressure. If the stock holds above $188-$190, the path toward $195-$200 opens up—roughly where the stock peaked in September before its last correction.
Why This Move Makes Sense
The technicals align with what's happening in NVIDIA's business. AI infrastructure spending isn't slowing down—NVIDIA's chips remain essential for data centers running everything from ChatGPT to enterprise AI applications. Institutional investors have been using dips below $180 as buying opportunities, recognizing NVIDIA's dominant position in the market. The company's upcoming earnings report in November could provide the catalyst needed to push through $200, especially if data center demand stays strong. And the 25-day moving average now sits right near the $185 support zone, adding another layer of technical backing.
Sentiment has improved noticeably. After consolidating for weeks, momentum is shifting back to the bulls. The green histogram bars signal that selling pressure is easing, while price action near $187 confirms buyers are stepping in. That said, the $195-$200 zone represents significant resistance where traders who bought higher might take profits. Breaking through decisively would confirm that the broader uptrend is back in play.
NVIDIA's technical bounce, backed by solid fundamentals, sets the stage for a run toward $200. As long as the stock stays above $185, the bullish case holds up—short-term traders are eyeing $195-$200, while long-term investors are watching for a breakout fueled by continued AI growth. For now, momentum has returned to NVIDIA's corner.
Artem Voloskovets
