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NVIDIA Had Buy Signals In Oct 2022 And Jan 2023. Significant Gains Ended With A Downside ‘Key Reversal’ On March 8, 2024.

Posted on AllSides April 22nd, 2024
From The Center

NVIDIA Corp (NVDA) set its all-time intraday high of $974.00 on March 8, 2024. This was a downside key reversal day as its close that day was $875.06 below the low of $896.02 set on March 7. This ‘sell signal’ led to the decline to $756.06 on April 19. This was a test of the monthly pivot for April at $757.77. NVIDIA designs graphics processing systems for gaming, automobiles, architecture, engineering, and construction for data centers and software applications. The stock has an elevated p/e ratio of 63.18% with a...

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