NVDA stock is going through classic profit taking. After failing near $229, it printed lower highs from the $230s and then dropped 3.36% to about $210.96 on September 14 as AI safety warnings hit chipmakers. Other chipmakers dropped too, each more than 4%.
Levels I am watching: support near $207, first resistance around $212 to $213, and $218 as the zone that would show the pullback fading.
Fundamentals still look strong, with the latest quarter near $96B revenue. On Bitunix I trade NVDA swings only at those levels, leverage 2x max, stops on the other side. A perp tracks price only, and the Fed decision could trigger liquidations.
Not advice. A bounce in NVDA stock could still fade if new AI headlines land.
Levels I am watching: support near $207, first resistance around $212 to $213, and $218 as the zone that would show the pullback fading.
Fundamentals still look strong, with the latest quarter near $96B revenue. On Bitunix I trade NVDA swings only at those levels, leverage 2x max, stops on the other side. A perp tracks price only, and the Fed decision could trigger liquidations.
Not advice. A bounce in NVDA stock could still fade if new AI headlines land.