Watch These Nvidia Price Levels as Stock Slips Further Into Correction Territory

Key Takeaways

  • Nvidia shares fell for the fourth straight session on Tuesday, extending their slide into a technical correction as the stock is down 15% from last month’s record high.
  • After setting a record high, the stock traded mostly sideways before falling below the 50-day moving average late last week. potentially setting the stage for further consolidation.
  • Investors should watch key support levels on Nvidia’s chart around $115 and $102, while also monitoring important resistance levels near $140 and $150.

Nvidia (NVDA) shares fell for the fourth straight session on Tuesday, extending their slide into a technical correction as the stock is down 15% from last month’s record high.

While analysts remain bullish on the company’s…

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