NVIDIA Technical Explosion: Bullish Momentum Signals Further Highs – Is $190+ Within Reach?

Step 1: High Time Frame Trend Analysis (Daily Chart)

• Trend Identification: Examining the daily candles for several months, NVDA has shown a powerful uptrend since mid-April 2025. After the gap-up in April to around $97, the stock trended higher almost without pause, with short periods of consolidation and minor pullbacks, frequently developing higher highs and higher lows.
• Momentum Surges: The first major consolidation occurred in mid-May near $130–$137. After this region was cleared, a classic momentum phase emerged, where resistance became support (especially evident in the post-breakout retest near $140 in early June and again at $155 in late June).
• Recent Structure: From late July onward, price action steepened, with a sharp acceleration from the $160s to the $170s, followed by a micro pullback and yet another surge to the current all-time highs. We see clear evidence of a strong uptrend, consistent bullish momentum, and FOMO-driven volumes as NVDA treads into price discovery.