WALL STREET COMES TO NVIDIA’S DEFENSE AFTER BIGGEST LOSS EVER, MANY MOMOS WIPED OUT
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Largest Market Cap Loss Ever
Please click here for a chart of Nvidia stock (NVDA).
Note the following:
- The chart shows the drop in NVDA stock stopped before it reached the mini support zone.
- Volume shown on the chart is very heavy, indicating conviction in the pullback.
- RSI on the chart shows that NVDA is not oversold, indicating there is more room to the downside.
- Yesterday, NVDA lost $589B in market cap. This is the largest one day loss ever for any company.
January 28, 2025