NVDA continues to maintain a bullish market structure despite the recent pullback. The chart shows that the stock has successfully defended the $188–$195 demand zone and is attempting to establish a higher low after a healthy correction from its recent peak.
The previous Break of Structure remains intact, indicating that the primary uptrend has not been invalidated. Recent price action suggests a potential accumulation phase, with buyers stepping in around key support levels. Holding above $203 is crucial to preserve the bullish bias.
A sustained move above $212–215 could trigger fresh buying momentum, opening the path toward $220, followed by $228–232. If bullish momentum continues, NVDA may eventually retest its previous swing high near $236.50, where the next major liquidity zone resides.
Key Levels
Support: $203 → $195 → $188
Resistance: $212 → $220 → $232 → $236.50
Trading View
Bias: Bullish
Entry Zone: $203–205
Stop Loss: Below $188.60
Targets:
Target 1: $212
Target 2: $220
Target 3: $232
Extended Target: $236.50+
Conclusion: As long as NVDA holds above the $203 support and especially $188.60, the overall technical structure favors continuation to the upside. A breakout above $212–215 would strengthen the bullish case and could pave the way for a retest of the all-time highs near $236.50.