Analyst predicts Nvidia (NVDA) stock to crash 50%; Here's why

After days of exhibiting a possible turnaround characterized by breaking key resistance levels, Nvidia's (NASDAQ: NVDA) stock price is now showing weakness, and an expert is warning that more losses could be in store. The projection, signaling a potential 50% drop in the chipmaker's stock, is grounded in Nvidia's formation of consecutive lower highs, diminishing trading volume, and crucial support levels indicated by Fibonacci retracement patterns, according to Alan Santana's analysis shared in a TradingVie ...