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.
Kommentera:
AI chip export restrictions putting pressure on the space. Tomorrow should be telling. 406 after hours.