Nvidia broke the long term uptrend it was on since the end of 2022. Mid-feb it tested this trend line successfully, thereby bouncing off. Then it crossed the 200dma last week and is now on track to form a lower low, thereby 'officially' entering a downward trend. First support is at the 38% fibonacci level at 99 USD. This also coincides with previous support/resistance levels seen in sep24 and mar24. Don't catch a falling knive (yet).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.