NVDIA - 1W - Trading IdeaAfter dropping as much as 23% since late August, NVDA has found key support in more ways than one.
The price bounced off long-term support established in October 2022, while buyers stepped in at a familiar valuation—54x earnings—the same multiple that bulls defended back in December 2022 when NVDA was trading at just $46/share.
Additionally, a significant divergence has formed, signaling a potential shift in momentum