Saad Ullah
⬤ Nvidia ($NVDA) recently punched through both its 10-week and 20-week moving averages, which is pretty solid news for anyone watching this stock. That $169 low we saw back in November? Yeah, that's looking like it was the bottom for now. But let's be real—just because it's trending up doesn't mean we're automatically heading to new all-time highs.
⬤ Here's where it gets interesting: there's a major wall at $212 that Nvidia's gotta break through. If it manages to clear that level, we're probably looking at a multi-week rally that could get pretty exciting. That breakout would likely bring in a fresh wave of buyers and really shift market sentiment. Everyone's gonna be glued to the price action around $212.
⬤ Getting above those moving averages is definitely a win for Nvidia's technical setup—it's showing the stock might be gearing up for bigger moves. But that $212 resistance? That's the real test. Break through there, and we could see Nvidia kick off a legit new uptrend with some serious potential. Safe to say traders are marking their calendars for this one.
Saad Ullah
