NVDA Bullish Reversal (Double Bottom)NVIDIA CorporationBATS:NVDAvf_investmenthi traders, Market Context After a period of consolidation and a recent pullback from previous highs, NVIDIA Corp (NVDA) is showing signs of a mid-term trend reversal on the Weekly (W) timeframe. The stock is currently trading around $177.64, having found significant buying interest at the $160–$165 support zone. Technical Analysis Chart Pattern: A clear Double Bottom (W-pattern) has formed over the last few months. The two troughs represent a successful test of support, indicating that sellers are exhausted and buyers are stepping back in at these valuation levels. RSI Divergence: The Relative Strength Index (14) supports this bullish thesis. While the price made relatively equal lows, the RSI has been trending upward (Bullish Divergence), signaling increasing positive momentum despite the sideways price action. Key Levels: Current Price: ~$177.64 Immediate Support: $163.96 (Green line) Primary Target/Resistance: $210.97 (Red line) The Setup The expectation is for NVDA to continue its recovery from the second "bottom" of the pattern. A sustained move above the local "neckline" (the peak between the two bottoms) would confirm the breakout. Price Objective: Your analysis sets a target of $210.97, which aligns with a major historical resistance level. Reaching this target would represent an upside of approximately 18-19% from current levels. Risk Management: Investors often look for a weekly close below the $163 support to invalidate this pattern.