Shares of Nvidia Corp (NVDA) are sharply lower even as the markets are surging higher. Nvidia stock chart analysis is signaling a potential epic breakdown. While the semiconductor sector hit all-time highs this week, Nvidia has not hit an all-time high since August 2020. In addition, the stock is barely holding onto major support. Should the support level break (at $515 daily closing price), downside could be as low as $460.00. Considering the underperformance, this is likely. Investors and traders can look to short Nvidia when it closes below $515 on the daily chart.
Members of Gareth’s Verified Investing Alerts closed out a total of 206 swing trades in 2020 for a net gain of 1,507.67%. In the first two trading days of 2021, Gareth already banked a 10.44% winner on $PTON short and 13.57% on $QS long. Join now and get the exact entry/exit price alerts, stops and targets…LIVE. Get The Action NOW by Clicking HERE
Nvidia stock chart analysis…key trend line shown below. Keep it on watch.