NVIDIA Corporation Retrace Gives Investors Dream Short Opportunity $NVDA

NVIDIA Corporation (NASDAQ:NVDA) broke a major trend line last Friday when the stock market collapsed. While it is bouncing today, the damage has been done based on technical analysis chart reading. Any retrace back to that trend line is a shorting opportunity for smart investors. This stock confirmed the break down and has its sights set on an eventual decline to $50.00. Look for the bounce to take the stock back to $61.25, then short it hard.

By Pro-Trader