NVIDIA Will it finally make a new ATH?

NVIDIA Corporation (NVDA) almost hit today its All Time High (ATH), which is currently its Resistance level. That is technically the top of a Descending Triangle pattern that the stock has been trading in since the start of August.

The last time we saw a similar pattern was during NVDA's previous ATH formation in November 2024 - January 2025. Identical price actions as well as 1D RSI sequences among the two fractals.

Based on that, we should be past a January 07 2025 ATH Resistance rejection, which targeted the 1D MA100 (green trend-line) before the next bounce. As a result, until the current ATH Resistance breaks, we should technically see a pull-back towards $166/67.

This time however, there is a strong case for a ATH break-out as the price is trading within a short-term (blue) Channel Up. As long as this holds, it can keep making Higher Highs, with the next one technically aiming above the ATH Resistance.

In any case, if that level breaks, we expect the price to target the 2.0 Fibonacci extension at just above $200.

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