NVIDIA : ROAD TO $1K AND BEYOND

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- The Market registers higher highs and lows since October 2022 ; The long-term trend is therefore bullish.

- Since 2024, and thanks to the AI frenzy, the market has accelerated from $480 to a new all-time high just below the $1000 zone.
That sharp bullish impulsion that doubled the company's valuation and drove prices to uncharted territory has led investors to take some profits out.
These exposure reallocation has driven the market into a bearish correction move in the shape of a flag pattern until $753 (38.2% Fibonacci).

Since then, another bullish short-term rally took place as investors seized the occasion to buy the dip, leading prices back to the upper bound of their trend continuation bearish flag pattern.

Both EMA remains in bullish configuration while the RSI indicator also validated a bullish break-out to come, now in buying zone.

- Even if a clear signal from prices themselves is still to be seen, this is perceived as a bullish situation.
Indeed, bearish flag patterns are some of the most reliable chart pattern in technical analysis.
The current flag consolidation combined with all the bullish signals sent by technical indicators as well as the rebound over the 38.2% zone allow us to expect a bullish trend resurgence.
New targets will be found towards $980/$1000 and beyond with $1,050, $1,115 and $1,215 as major technical resistances.

Pierre Veyret, Technical Analyst at ActivTrades


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