NVIDIA holds support and retains upside potential toward $200

NVIDIA (NVDA) shares have performed impressively on the daily chart, staging a powerful rebound from the lower limit of the ascending channel that has framed the stock's movement since the start of the year. This is a classic proof that bulls are far from giving up after the latest pullback.

Turning to technical analysis, it reveals a straightforward narrative. To begin with, stocks remain firmly within the channel's upward slope. Specifically, the upper boundary is currently eyeing the $200 threshold (the target as of March 18). Meanwhile, solid support seems to be holding near $176. A decisive bounce off the channel's lower line on March 9 serves as a textbook signal that there is "trend continuation ahead".

Confirming this bullish narrative, the Chaikin Oscillator is flashing positive momentum and remains firmly above zero. This suggests steady capital is pouring in and serious accumulation is underway, which syncs perfectly with the recent price surge. There are no sneaky divergences either, meaning that buying power is backed by genuine volume and not fleeting speculative hype.

Over on the Stochastic Oscillator front, the %K line is at 43 and the %D one sits at 44, both of which are in neutral territory. They have recently crossed and tangled, hinting at a momentum breather, yet they are nowhere near the danger zones—far from the overbought fireworks above 80 or the oversold panic below 20. In other words, the market has plenty of room to accelerate again without slamming into an overheated wall and correcting sharply.

On top of the technical strength, there is a fundamental spark on the horizon. On March 16, the annual GTC 2026 conference kicks off, with Jensen Huang expected to unveil the full Vera Rubin roadmap and tease the next-generation Feynman architecture. Analysts at heavy hitters like UBS and Wells Fargo are sticking to their "Buy" calls, and history shows NVDA often delivers serious outperformance in the three months post-GTC. Even with broader market jitters from geopolitical drama, this setup feels like rocket fuel for more upside in the shares.

Pay attention to the trading plan down below:

Buy NVIDIA stocks at the current price, near $184.35. Lock in profits at $196.00. Place Stop Loss at $175.00.

This forecast holds true from March 11 till March 18, 2026.