A mentioned in my previous idea NVDA fell below a long term rising channel is has been in since October 2023. The next level of support I see is the 100DMA which it is approaching now around $103-$104. A break below this critical level could see significant further downside to around $75-$80. We will find out this week.
NVDA looks to be range bound within a rising channel since November 2023. Bounced off the channel top on June 18th and has been heading downwards for the past 10 days. A break of this channel to the upside or downside would indicate significant bullish or bearish momentum. I'll keep on eye on this channel and update as it progresses.
