Nvidia Could Drop To $400 - Teetering On The Edge Amidst Unprecedented Highs And Looming Lows
Portfolio Pulse from Zaheer Anwari
Nvidia Corp (NASDAQ:NVDA) has been experiencing market turbulence, with its stock reaching a record high of $502 on August 24th before declining by 15%. The stock's value has temporarily halted just above the $400 level. If it breaches the $403 level, it could potentially fall to $400 and possibly continue to the next significant support level at $346. Despite the fluctuations, Nvidia has gained 184% year-to-date in the stock market.
September 26, 2023 | 4:33 pm
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Nvidia's stock is experiencing turbulence, with a potential fall to $400 if it breaches the $403 level. Despite this, the company has gained 184% YTD.
The article suggests that Nvidia's stock price is at a crucial point. If it breaches the $403 level, it could potentially fall to $400 and possibly continue to the next significant support level at $346. This could lead to a negative short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100