Shares of NVIDIA Corp (NVDA) are hammering on a major trend line that connects the recent lows going back to mid-November. NVIDIA is currently trading near $109.00 If this trend line is broken, NVIDIA goes into freefall with potential downside to $68. In other words, this trend line is a monster when it comes to signaling the next move of NVIDIA stock. If it holds, NVIDIA can float back higher, if it breaks, the stock collapses in a huge fashion. Watch it, trade it. Follow my trades on Verified Investing and get my exact entry prices, stops and targets.
Shares of NVIDIA Corporation at major stock chart level