$NVDA
Added 2024-03-09 00:18:40 +0000 UTCHard rejection today as the price hit $974, the $1000 mark was expected by almost everyone and their neighbours dog and it looked like it was going to hit but the smart money said, 'we are not going to wait until $1000 is hit before getting out' so they got out just before it.....and left some bag holders holding in the late $900's.
Down to $856 in AH now which is a large drop from $974.
When a stock has basically gone vertical like this, you do not need me to tell you that only chasers enter here....the price action is extremely far from its 50 and 200 Day MA now....and the price will always revert back to these moving averages eventually.
it remains to be seen whether this will get another pop but an aggressive pull back like that today is a warning sign.
