Could Nvidia (NVDA Stock) fall to a new 52-week low level?

AAATrade Team AAATrade

Today’s instrument is NVIDIA Corp.’s stock traded on the NASDAQ exchange under the ticker NVDA.

Looking at the NVDA ‘s chart, we can see that it is traded near its 52W low at around $131.70. If today it will manage to keep its price above its strong support level which is located at around $126.20 then we could see it testing its resistance level at around $145 otherwise it should fall to a new 52W low level.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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