Can someone tell me why NVDA is going down today? Yesterday they announced a bunch of good stuff and it seems like its dropping for no reason.
sell the news. anticipation of the releases drove/kept the price up and once the news became realized, the hype wore off. also the market in general is getting FUCKED so people are starting to short sell/take gains
it has also been at a five year peak and the RSI has been over 75 for a good while indicating oversold for the first time in 5 years. all the indicators are there for a pullback and a consolidation for a while. if the markets continue to shit, most large companies at highs will be evaluated to see how much they are actually worth and most will get dumped because of downside risk. get some experience noob.