$NVIDIA(NVDA)$ ๐ฏ๐๐ฐ NVDAโs Momentum Engine: Breakout in Motion ๐ฐ๐๐ฏ
NVDA isnโt just holding gains; itโs priming for a continuation breakout. The 4H chart is locked in a Keltner channel lift with price hugging the upper Bollinger band, a structure that often precedes a secondary surge when volume is climbing.
Iโm sitting on +5,368 USD unrealised profit from this position, but Iโm not looking at the scoreboard; Iโm watching the pattern. The bullish volume bursts into 181.69 and sustained closes above mid-channel support tell me this move has structural integrity.
I am seeing price action respecting the 176.30โ178.00 support zone, with rising EMAs confirming trend alignment. On the weekly view, NVDAโs 52-week high at 183.88 is within striking distance, and a break could unlock targets toward 188.50 in the near term.
The fundamentals are still a heavyweight tailwind: a $4.41T market cap, ROE north of 115%, and forward EPS at 4.357 reinforce that this is more than just technical momentum; itโs balance-sheet-backed acceleration.
Volume profile shows no major resistance shelves until the mid-180s, and with market breadth improving, NVDAโs positioning in AI and data centre demand keeps its breakout probability elevated.
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Trade like a boss! Happy trading ahead, Cheers, BC ๐๐๐๐๐
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Great article, would you like to share it?