Nvidia stock is ‘right in the sweet spot' between these key price levels

After a blissful period of constant price increases fueled by the artificial intelligence (AI) craze, Nvidia (NASDAQ: NVDA) stock has started to slow down, even recording some major dips in the past few weeks, and currently, it is residing in the “sweet spot” between two key price levels.Specifically, Nvidia shares are currently “RIGHT in the sweet spot” between the 0.618 Fibonacci retractement level of $106.19 acting as a strong support and resistance in the previous high of $131.26, according to the obser ...