Technical Analysis — Where is the Next Target Above $227?

Headline: NVIDIA Continues to Hit New Highs, What Do Technicals Tell Us?

On May 14, NVIDIA's stock price rose another 2.85%, closing above $227.08, with a market capitalization surpassing $55k. On the daily chart, this is the sixth consecutive bullish candlestick, with a total increase of over 15%. In such a strong trend, can technical indicators still provide effective reference?

First, look at the moving averages. Currently, the price is far from EMA5 (about $218) and EMA21 (about $208), with deviations of 4% and 9%. In a strong trend market, deviations can stay high for a long time, but the risk of short-term pullbacks to the moving averages is also accumulating. More noteworthy is the Bollinger Bands: the upper band is at $231, and the price has been running along the upper band for two trading days. This is a typical "strong momentum climbing along the band" pattern, usually indicating the trend is still continuing, but once it breaks below the upper band, it may enter sideways or minor correction.

The RSI is currently at 78.2, entering the overbought zone (>70). However, in the super rally driven by the AI wave, RSI can stay over 80 for a long time. In 2025, NVIDIA once rose another 25% during 12 consecutive days of RSI overbought conditions. Therefore, looking at RSI alone cannot be a sell signal, but it can remind us that the short-term chasing high is becoming less attractive.

In terms of volume, yesterday's volume increased by 22% compared to the previous day, with price rising and volume expanding, indicating a healthy breakout signal. The MACD fast and slow lines are again above the zero line, with red bars continuing to grow, confirming bullish momentum.

Overall technical judgment: the upward trend is intact with no signs of reversal. Short-term resistance levels can first be seen at $235 (an integer level plus the extension of the previous channel), then at $245 (the 1.382 Fibonacci extension). Support is around $220–222 (the previous high turned support after breakout). Regarding the Polymarket prediction for "NVIDIA Price in May 2026," I believe that in the remaining half month of May, the stock price is likely to reach the $235–$245 range, but breaking through $250 would require stronger fundamental catalysts (such as new product launches or better-than-expected earnings). My target: $235–$245.