After briefly probing the $92 area in early April, NVIDIA has staged a roughly 40% rally in just over five weeks.
The key question now is whether the stock has enough bullish momentum to extend the advance as it approaches a major supply zone. The $136–153 band is loaded with technical headwinds: unfilled bearish breakaway gaps, congestion zones and layered resistance that could trigger profit-taking. Within that band, the $136, $142 and $148 markers are the primary levels to monitor.
On the downside, initial support rests at $130 (the last bullish gap). Below that, $118—aligned with the 200-day moving average—remains the critical line in the sand. A close beneath $130 would hint at weakening momentum, but only a decisive break of $118 would open the door to a deeper corrective leg..
Top Traders League
Resistences: $136, $142, $148
Supports: $130, $120, $106, $95
Targets: (bullish) $150–155 (bearish) $120 • $100 • $92 • $80
NVIDIA Trend Profile:
- Short term Range-bound with an upward bias.
- Medium term: Bullish.
- Long term: Bullish.
