NVIDIA shares advance on sustained bullish trend

NVIDIA shares ended September's last trading session with notable gains, exhibiting strong upward momentum. During this time, the stock successfully breached a key resistance at $185.00. In the final days of the month, the price advanced from $172.90 to hit a new record high of $187.12. Trading activity was marked by stable volumes and consistent technical readings, reflecting a dominant bullish sentiment in the market.

Key technical indicators confirm that buyers are strong. The On-Balance Volume (OBV) shows a steady ascent, with major market players actively accumulating positions. Meanwhile, the Stochastic Oscillator (5, 3, 3) sits in the 40–60 range (%K=58, %D=44), pointing to rising purchasing activity and an overbought condition yet to be reached.

Despite the prevailing bullish sentiment, the market may experience a brief pause or shallow correction. The RSI has retreated from 63 to 56, indicating a slight deceleration in upward momentum and potential consolidation near the current peak levels. Key support, where buyer interest is expected to emerge, lies within the $181.70–$178.35 range. Breaching the $189.00–$190.00 resistance zone would open a path toward the $200.00 psychological target. 

NVIDIA's fundamental outlook remains exceptionally strong, providing stable footing for the ongoing rally. The multibillion-dollar agreement between CoreWeave and Meta to deploy systems powered by the latest GB300 chips underscores the consistent, powerful demand for AI infrastructure. Although short-term macroeconomic risks exist, such as a looming US government shutdown to delay key employment data, NVIDIA's long-run prospects are fortified by continuously growing corporate investment in artificial intelligence and a resilient supply chain.

Take into account the trading plan down below:

Buy when the price goes back to the $181.70–$178.35 support zone. Take profit: $195.00. Stop loss: $178.00.

This forecast remains relevant between October 1 and October 8, 2025.