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September 24, 2026 at 3:45 pm #168
Nvidia at $225.51 is doing something easy to miss: it’s quietly coiling just 4.7% below its $236.54 six-month high (May 14) while the valuation debate rages. The chart says more than the headlines.

Trend: clean, orderly uptrend — higher highs and higher lows since the $164 area. Price sits above the 20-day ($221.03) and 50-day ($215.19), both rising. +15.3% over three months with no parabolic excess. This is what institutional accumulation looks like.
Momentum: RSI 55.9 — perfectly mid-range. Not overbought, not oversold. The stock has room to run without needing to “cool off” first.
The $220 shelf: recent price action keeps defending the $220 area — it acted as support on pullbacks and now serves as the line between “healthy consolidation” and “breakdown.” A daily close below $215 (50-day) would be the first real crack in the structure.
Fundamental overlay: this coiling is happening while NVDA trades under 17x forward earnings (cheapest in a decade) with Jensen Huang projecting chip sales doubling by 2027. Cheap + coiling under resistance is a combination worth respecting.
Scenarios: a decisive daily close above $236.54 opens a measured move toward $260+; rejection there keeps the $220–236 range intact; losing $215 targets $200–205. Data as of Sept 24, 2026 close. Not financial advice.
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