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BobbySpa
Jun 27, 2023 9:07 PM

NVDA - Still more downside? 

NVIDIA CorporationNASDAQ

Description

NVDA crashed thru 420 support yesterday (after 7 days above that level) down to 400-401 and bounced right up to that level today which is also its earnings week high on lighter than normal volume. Despite today's move, the stock feels heavy and I suspect there is still more work to do on the downside before any further push to the upside, if any, resumes.

Comment

AI chip export restrictions putting pressure on the space. Tomorrow should be telling. 406 after hours.
Comments
Alphamoney870
below 400 certainly meaning more downside
amaloyz
amen!
BobbySpa
Thanks! Let’s see what tomorrow brings.
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