NVIDIA CORP. (NVDA)

On November 19th, 2024, we highlighted Nvidia Corp. (NVDA) in the SIA Daily Stock Report, noting that the semiconductor sector had lost its relative strength. Despite some technical strength in Nvidia, the SIA platform identified poor risk/reward parameters, indicating elevated risk. Since then, Nvidia has struggled to break resistance and has fallen below key support levels, with both the sector and NVDA shares showing negative momentum and very little support beneath current levels.

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