Nvidia’s Chart Hints at $200 Target Despite China Setback

Nvidia’s recent market retreat hasn’t shaken analysts’ confidence in the stock’s long-term potential. Despite a dip to $135.13 at the close of the last session, chart watchers say a powerful setup could send NVDA soaring toward the $200 mark in the coming months.

The pullback comes after an exceptional month for the semiconductor powerhouse, with shares rising 24% amid bullish momentum triggered by its Q1 2025 earnings. The company beat both revenue and earnings expectations, posting $44.06 billion in sales and $0.96 in adjusted earnings per share—surpassing Wall Street’s consensus.

Still, Nvidia faces headwinds. A U.S. export ban on its H20 chips destined for China has taken a toll, costing the firm $4.5 billion in inventory-related charges and $2.5 billion in missed revenue. As a result, its revenue forecast for the next quarter lands just shy of analyst projections, at around $45 billion.

But according to a recent analysis from TradingShot, this turbulence might be nothing more than a temporary stall in a larger upward trend. The analyst points to a classic cup-and-handle pattern forming on the stock’s chart—typically seen as a bullish signal when followed by a breakout. If confirmed, the move could lift Nvidia shares to $200 by September, using a 2.0 Fibonacci extension as a benchmark.

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Resistance remains around the $143.60 level, while the 50- and 200-day moving averages continue to act as strong technical support. However, the pattern’s success will hinge on the stock holding above these levels in the coming weeks.

On the momentum front, the Relative Strength Index shows signs of bearish divergence—a cautionary signal suggesting a short-term slowdown despite recent highs. A similar setup in late 2024 was followed by a healthy consolidation before a breakout.

Even with geopolitical and inventory challenges on the radar, investor sentiment remains upbeat. Analysts across Wall Street have reiterated their bullish outlooks, betting on Nvidia’s dominance in the AI space to drive continued growth.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.