NVIDIA reclaims key MAs at $223.33, eyes $228 resistance: Live

NVIDIA (NVDA) showed bullish technical momentum on its 5-hour chart after closing at $223.33, successfully reclaiming critical moving averages and moving above its Ichimoku Cloud ($219.95 to $221.21) and 200-period simple moving average ($212.42). The technical setup points to a trend-resumption phase supported by a positive MACD crossover and an 80% completed rising V-bottom pattern. However, technical indicators suggest caution as the Average Directional Index (ADI) stands at 15.98, reflecting modest trend strength. The stock faces immediate overhead resistance at $228.10 along its upper Bollinger Band. An aggressive long entry is mapped above $224.20, while conservative traders look for pullbacks toward $219.50. Upside price targets are defined at $228.00, $234.75, and $246.94, with stop losses recommended around $214.25 to manage downside risks if support breaks.