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Technical analysis for NVIDIA, the stock is in the fifth bullish wave on the monthly chart and reached and exceeded the first target of the wave, the 0.618 FIB extension at 318$ per share. The shares went as high as 346$ and started a pullback. The first target of this pullback, the 0.382 FIB retracement on the weekly chart at 289$, was reached. The second target is the 0.618 FIB retracement on the weekly chart at 253-255$.
On the bullish side, if the shares of NVIDIA breaks above the previous all-time high at 346$, that will resume the bullish wave. The first target for this potential bullish breakout is the 100 FIB extension and 2.272 FIB extension (depending on how you count the monthly waves) at 395$. The second target is between the 2.618 FIB extension and the 1.272 FIB extension at 436-450$.
Weekly chart:
Monthly chart:
