NVIDIA Stock Weekly Outlook: Support Holds Strong as $185 Target

The weekly chart of NVDA shows a strong continuation pattern forming after a period of consolidation and a healthy pullback. The recent price action confirms a bullish stance, with a fresh bounce off support and momentum gradually shifting in favor of the bulls.
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Long-Term Uptrend Confirmed
The blue ascending trendline drawn from early 2023 remains intact, showing that the overall trend is still bullish. NVDA has respected this trendline multiple times, with each touch followed by a renewed upward move. This week, the price rebounded once again near this trendline, confirming its role as dynamic support and signaling renewed buying interest.
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Resistance and Breakout Potential
The key resistance level is marked at $152.98, which represents the recent weekly high and a psychological barrier. This level has acted as a ceiling in past attempts, but the current structure and momentum suggest a potential breakout if volume confirms. Above this level, there's clear air up to $185, where the next major resistance sits, and which also acts as the projected target in this trade setup.
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Support Holding Strong
A strong support zone around $93.40 is clearly defined and has already triggered multiple rejections. NVDA recently saw a sharp bounce from this zone after a downward rejection, signaling that institutional buyers may be active here. This area is the foundation of the current bullish case.
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Momentum Turning Favorably
The True Strength Index (TSI), shown at the bottom of the chart, is emerging from a low region. While not yet fully bullish, the indicator is starting to turn upward, suggesting early signs of momentum building. If TSI crosses above the midline in coming weeks, it could confirm the start of a sustained upward move.
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Trade Setup
• Entry Zone: $138 to $140 (current price range)
• Stop-Loss: $110 (beneath the last significant swing low)
• Target: $185 (aligns with the next major resistance and top of risk-reward box)
• Risk-Reward Ratio: Approximately 1.5:1
• Setup Bias: Swing to mid-term bullish continuation
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Conclusion
NVIDIA’s weekly chart is aligning in favor of the bulls after a healthy consolidation and support retest. The price remains within a strong uptrend channel, and momentum is gradually improving. A breakout above $152.98 would likely attract more volume and set the stage for a rally toward $185. The risk-reward setup is favorable, making this a strong candidate for bullish swing positioning heading into Q3 2025.