Opportunity: NVDA hits downside target, technical indicators flash buy signal

The stock price of semiconductor giant Nvidia (NASDAQ: NVDA) has recently approached the $110 mark after experiencing a sharp decline over the past week. This drop follows a significant peak in mid-June, which marked a higher high at the top of a 20-month ascending channel. As of the close of markets on July 29, NVDA is valued at around $111, having decreased approximately 1.30% over the past 24 hours.Despite recent fluctuations, NVDA shares are still up 126% for the year. However, the stock is now down mor ...