NVDA Ready for Takeoff: $200 Target in Sight!

Based on the daily chart of NVIDIA (NVDA) on NASDAQ, here’s a breakdown:

🔎 Technical Analysis

Overall Trend
The stock is in a strong uptrend (rallying from around $120 to the current $186).
Higher lows are forming, and price is pressing against the 185–187 resistance zone, showing strong buying pressure.

Key Resistance
185–187 USD is a critical resistance zone tested multiple times.
Given the strong daily candle and volume, the probability of a breakout is high.

Short-Term Support
Uptrend line provides support around 176–178 USD.
Next key support sits near 170 USD.

🎯 Short-Term Outlook (1–4 Weeks)
Entry Trigger: After a confirmed breakout above $187
Target 1: $195
Target 2: $200
Stop-Loss: Close below $178

🌐 Long-Term Outlook (3–6 Months)
Sustained breakout above $187 could lead to a new bullish phase.
Target 1: $210
Target 2: $225
Stop-Loss: Break below $170

✅ Summary

NVIDIA is on the verge of breaking a major resistance level. A cautious entry above $187 may offer attractive upside potential. Risk of a false breakout exists, so stop-loss discipline is crucial.