Reported 8 months ago
After Nvidia Corp. experienced a three-day, $430 billion selloff, traders are turning to technical analysis to identify potential support levels. The stock fell 13% following a brief period as the world's most valuable company, entering a technical correction for the first time since April. Analysts suggest short-term support around $115 with a significant level at $100, utilizing tools like Fibonacci retracement. Despite the drop, Nvidia's stock is still up 139% this year, with experts closely monitoring support levels like $100 for any shifts in the uptrend.
Source: YAHOO