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NVDA Key Chart Level To Watch If Correction Continues

Updated: Jun 23, 2024 | Published: Jun 23, 2024
Verified Investing
By Verified Investing
NVDA Key Chart Level To Watch If Correction Continues

Nvidia Corporation (NVDA) looks to either rebound from its correction or continue falling as profit taking increases. Whatever the outcome, buyers are analyzing the stock chart of Nvidia to decipher where there will be an epic buying opportunity.

When using technical analysis, there is an epic multi-factor support level below $100. This level can be seen in the Nvidia stock chart above. It is the 50% Fibonacci, a pivot horizontal trend line that matches up with gap fill and an upsloping trend line going back to January 2024.

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