NVDA is showing three bullish confirmations, suggesting that the stock may be preparing for a short-term upward move:

Descending channel breakout — first confirmation
Bullish MACD reversal — second confirmation
RSI moving above 50 — third confirmation

The immediate resistance and first profit-taking zone is around $218–$220. A strong daily close above this area could open the path toward the next major resistance near $236–$240.

However, this may initially be a short-term bullish move rather than a straight rally toward new highs. After reaching resistance, NVDA could experience another pullback or retest of the important $190–$195 support zone, potentially around September.

In my view, a successful retest and strong reaction from $190–$195 could offer one of the final attractive long-entry opportunities before NVDA begins its next larger move toward the $280–$300 price-target zone.

Key levels
Immediate target: $218–$220
Major resistance: $236–$240
Potential retest zone: $190–$195
Long-term target zone: $280–$300
Bullish structure invalidation: Sustained breakdown below $190

The $300 target is a longer-term bullish scenario and depends on the broader market, earnings, semiconductor demand and NVDA continuing to hold its major support structure.

This is my personal technical analysis, not financial advice.