Below are the downside targets for Nvidia (NVDA) based on the decline from the November 2021 high.
The downside targets are:
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$160.35 (conservative target)
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$135.80 (mid-range target)
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$111.25 (extreme target)
If you had interest in buying Nvidia then we’d have difficulty arguing against it at the current price after the price achieved the mid-range target and then rebounded. However, the only caveat at this point is accepting the downside risk to the $111.25 level or lower.