NVIDIA’s stock has formed a powerful breakout pattern following its recent earnings beat. The technical setup suggests continued momentum with clear risk management levels.

Technical Pattern Formation

Key elements of the breakout pattern:

  • Cup and handle formation completed
  • Volume confirmation on breakout
  • Clear resistance level breakthrough
  • Strong institutional accumulation

Support and Resistance Levels

Critical price points to watch:

  • New support at $780 (previous resistance)
  • Next resistance cluster at $850-875
  • Weekly pivot points alignment
  • Moving average confluence zones

Volume Analysis

Trading activity insights:

  • Above-average volume on breakout
  • Institutional block trades increasing
  • Dark pool activity supportive
  • Options flow showing bullish bias

Risk Management Strategy

Key considerations for trading:

  • Stop loss below $750 support
  • Partial profit targets at $850
  • Position sizing recommendations
  • Trailing stop adjustment levels