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Uh Oh! $NVDA Just Broke Down And Is Headed HERE

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

On Monday, as the market held to the positive side, shares of NVIDIA Corporation (NASDAQ:NVDA) broke sharply lower. To add insult to injury, the stock punctured a major trend line of support, triggering a breakdown. The breakdown now leaves the stock in free fall which will inevitably end up at $72.00 as a target. The whole semiconductor sector was extremely weak on Monday as the tech sector generally had a solid day. The semiconductors may finally be ready to connect in a major way.

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Stock chart breakdown on NVIDIA Corporation chart says sell


This article was written by Markus Teller for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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