NVIDIA Corp. (NASDAQ:NVDA) shares traded higher Monday after several chipmaker stocks traded higher following a Maxims acquisition by Analog Devices was approved by Chinese trust officials.

Nvidia's stock closed up 5.49% at $219.58.

See Also: Strengthening Positions In The Segment Of Professional Visualization Leads NVDA To New Heights

Nvidia Daily Chart Analysis

What’s Next For Nvidia?

Bullish traders are looking to see the stock continue to breakout and push higher. Bulls would then like to see the stock consolidate above resistance for a potential next leg up.

Bearish traders would like to see the stock fall back below the $210 price level and then would like to see the stock drop below the higher low trendline for a possible change in trend.