Peter Smith
Nvidia (NVDA) is back in the spotlight as it consolidates near key levels. A textbook bull flag is taking shape on the intraday chart, hinting that something bigger might be brewing beneath the surface. With zero-day options activity heating up, the question isn't if the stock will move - it's when, and in which direction.
Nvidia's Setup: Tight Range Before the Next Move
Analyst kpak recently pointed out the "tight coil" visible on the 15-minute chart, where Nvidia has been squeezing between converging trendlines. The stock settled around $189.28, with support at $187 and resistance at $190–191.
The chart shows a classic bullish flag, where price pulls back gently after a strong rally. Support at $187 is reinforced by volume clusters, while resistance around $190–191 keeps capping upside. Volume patterns suggest traders are positioning for a breakout or breakdown - the calm before the storm.
Why Nvidia Still Matters
Nvidia powers the AI boom with GPUs driving data centers and cloud infrastructure. The Nasdaq's 2025 rally has amplified interest in NVDA, making even small consolidations significant. When Nvidia moves, tech often follows.
What Comes Next
A break above $191 on solid volume could trigger the next leg up, pulling in momentum traders and options activity. But if $187 fails, expect short-term weakness and deeper support tests. Nvidia sits coiled at $189, and whatever happens next will likely set the tone for broader tech sentiment.
Peter Smith
