NVDA - Head & Shoulders? Not So Fast.
By:TradingView
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At first glance, NVDA's chart looks textbook bearish - a clean Head & Shoulders pattern forming between mid-2025 and early 2026, with a well-defined neckline near ~ $170.
But here's the catch: the neckline is just 15$ above the Major Support at $156!!
While the broader market - including the S&P 500 - underwent a significant correction, NVDA held its ground above major support. The Right Shoulder formed, price dipped... and bounced. That's not a weakness. That's relative strength.
The H&S is morphing into the continuation formation.
Now price will either briefly penetrate the neckline, finding ground at the Major Support, or it will not, going up with the dotted projection pointing toward a retest of ~ $200 resistance - and potentially beyond toward $250.
Fundamentals back this up. Revenue estimates tell a relentless story:
$20B → $24B → $28B → $33B → $38B → $43B → $46B → $54B → $66B by Jan '26 (+20% QoQ).
Moreover, the Super Trend line remains intact and continues to rise.
The thesis: NVDA used the H&S structure as a shakeout, not a reversal. As long as $153 holds, the path of least resistance is up.
📌 Key levels:
Major Support: $154
Shoulder Resistance: ~ $196-200
Target: $245–$250 +
The only reason the HandS can turn into the real Bear is the exacerbation of the ongoing Middle East war, which in turn seems to de-escalate.
But here's the catch: the neckline is just 15$ above the Major Support at $156!!
While the broader market - including the S&P 500 - underwent a significant correction, NVDA held its ground above major support. The Right Shoulder formed, price dipped... and bounced. That's not a weakness. That's relative strength.
The H&S is morphing into the continuation formation.
Now price will either briefly penetrate the neckline, finding ground at the Major Support, or it will not, going up with the dotted projection pointing toward a retest of ~ $200 resistance - and potentially beyond toward $250.
Fundamentals back this up. Revenue estimates tell a relentless story:
$20B → $24B → $28B → $33B → $38B → $43B → $46B → $54B → $66B by Jan '26 (+20% QoQ).
Moreover, the Super Trend line remains intact and continues to rise.
The thesis: NVDA used the H&S structure as a shakeout, not a reversal. As long as $153 holds, the path of least resistance is up.
📌 Key levels:
Major Support: $154
Shoulder Resistance: ~ $196-200
Target: $245–$250 +
The only reason the HandS can turn into the real Bear is the exacerbation of the ongoing Middle East war, which in turn seems to de-escalate.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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