NVDA Follow-Up: Breakout Holding, But Still on Thin Ice

In yesterday’s post, I highlighted the rising wedge pattern and noted that a breakout above $168 needed strong follow-through to confirm. Today, NVDA managed to hold above that level, closing at $171.37, just beneath the recent high of $172.40.

So far, the breakout attempt is intact — but not yet convincing.

🔹 Volume came in lighter, suggesting buyers aren’t fully committed
🔹 The candle printed a modest gain, but without expanding range or momentum
🔹 Price is still riding above the rising wedge, but hasn’t cleared resistance with authority

As long as NVDA stays above $168, bulls remain in control — but a daily close back below that level would re-enter the wedge and raise the risk of a false breakout, putting $151–148 back on the radar.

Until we see a strong breakout above $172.40 with volume, this remains a cautious breakout, not a confirmed one.