NVDA at a major inflection point
NVDA sold dramatically recently and now trading at a major key support level.
NVDA is in a neutral zone right now. It could bounce off the current trend and rally or sell through to the next support. Best to wait and see where it goes for the moment.
- Major support line being tested
- Need to wait and see if NVDA will break through to cause more selling or bounce off.
- If the uptrend does not provide enough support we will be looking at 96.00 roughly for next support
NVDA is in a neutral zone right now. It could bounce off the current trend and rally or sell through to the next support. Best to wait and see where it goes for the moment.
Note
NVDA spent the day selling off even more after settling around the support line. This certainly speaks to the bear side so far. It could be a false breakdown or maybe the trend line is just fuzzy guide more than anything else.
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