NVIDIA continues to trade in a tightening range after its prior impulse move. AI demand narratives remain intact, but near-term positioning looks crowded. We advise holding existing positions rather than adding aggressively at current levels.
Why Hold?
Price is respecting the $118–$120 support band on the daily chart. A break below would shift our bias to watch. Upside toward $145 remains plausible if the broader tech sector leadership persists.
Pair this view with our support & resistance guide for managing entries on pullbacks.