NVIDIA Corporation (NVDA: 11.80 +0.71 +6.40%) broke out from a small triangle with a very large volume. Target price for the stock is around 12.74. Watch out for upcoming resistance at 12.36 which is a previous high. The stock had its moments of weakness on Thursday, but today closed strong and remains in a short-term uptrend. Even thought the current pattern could evolve into a rising flag, this should not be a concern as long as the flag rises and Friday’s low holds. Looking at the technical indicator RSI, the stock is currently in a bullish movement and there is still a large area for upward movement. For the coming week, watch out for a possible breakout over $12.36 which is the previous high of September. Let’s keep an eye on it.