Nvidia Clears Channel Resistance, Eyes New Highs Above $185
Nvidia’s share price surged past its upper channel resistance this week, suggesting the correction phase has ended and bulls have regained control. Technical signals point to fresh upside, with pullbacks to the $177–185 zone offering buying opportunities and a drop below $164 invalidating the bullish outlook.
1. Breakout Confirmation
Shares of Nvidia broke above the upper boundary of a well‐defined descending channel this week, marking the end of the recent corrective phase. Technical momentum indicators have turned positive, indicating renewed buying interest and suggesting that bulls may drive prices to fresh highs.
2. Support and Invalidation Levels
Near‐term support is expected in the $177–185 range, where buyers could re-enter on dips. A sustained move below $164 would negate the current bullish setup and signal a potential return to the prior trading range.