Is a Short-Term Pullback Coming Before Another Rally?

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Is a Short-Term Pullback Coming Before Another Rally?NVIDIA CorporationBATS:NVDAForexClinikNVDA has seen a strong recovery after the pullback from its previous all-time high around $211 to the $165 zone on March 30 earlier this year. Following this correction, the stock rebounded significantly and recently reached a new all-time high of $236 zone. From a technical analysis perspective, a small head-and-shoulders pattern appears to be forming within the current price zone. At the moment, the right shoulder of the pattern seems to be developing, which could suggest the possibility of another short-term pullback before the stock attempts a fresh breakout to new highs. Looking closely at the chart structure, there are two ascending trendlines creating a rising channel pattern. In addition, there are two key support zones that stand out marked Green / red colours: 1. The first major support level is around the current price area near $211. 2. The second and stronger support zone sits between $195 and $200. Based on this setup, the preferred strategy would be a dollar-cost averaging approach starting around the $200 level. If the stock declines further toward the $195 zone, additional positions could be added to strengthen the overall holding. For now, the focus remains on monitoring the price action closely, especially around these support levels, while watching whether the developing head-and-shoulders structure confirms or invalidates. A successful hold above support could provide the foundation for another bullish move toward new highs, while a breakdown below the channel may increase the probability of a deeper correction. PLEASE SHARE YOUR THOUGHTS on the comment session 1. What are your thoughts on the current structure of NVDA? 2. Do you see this as a healthy pullback within a larger bullish trend, or the beginning of a broader correction?