markrivest

Nvidia Could Crash to 300.00

Short
BATS:NVDA   NVIDIA
NVDA is nearing important support at the double bottom formed by 401.00 low made on 06/26/23 and the low of 403.11 made on 08/14/23.
RSI has still not reached the oversold zone – below 30%.
MACD is showing no bullish divergence.
A break below the double bottom could trigger a crash down to the next support level in the low 300 area.

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