NVIDIA Tests $201.75 Resistance After 23% Rally and Tariff Relief
NVIDIA's stock is trading inside a technical bull flag after a 23% rally from the March 30 low at $164.04, facing resistance at $201.75 ahead of a Supreme Court tariff ruling that unlocks import cost relief. Put-call ratios have declined since the rally's start and 30-day rolling volatility sits at 27.7%, closely mirroring Bitcoin's 27.8%.
1. Technical Rally and Pattern
NVIDIA's shares have surged 23% from the March 30 low of $164.04 to test resistance at $201.75, forming a classic bull flag pattern. This setup projects a potential measured move to around $248 if the stock breaks out above the flag's upper trendline.
2. Supreme Court Tariff Ruling Impact
A recent U.S. Supreme Court decision unlocks tariff refunds for NVIDIA's imported components, providing cost relief across its hardware supply chain. Reduced import duties could boost gross margins and support a higher valuation if production expenses decline meaningfully.
3. Volatility and Options Sentiment
NVIDIA's 30-day rolling volatility stands at 27.7%, nearly identical to Bitcoin's 27.8%, suggesting similar risk appetite among traders. Concurrently, put-call ratios have fallen since the March rally began, indicating lighter hedging and growing bullish conviction in call option demand.