NVDA - is it finally happening ?

NVDA technicals

On Aug 29 (here) we outlined some of the bearish NVDA arguments. The stock is extending the move lower, trading well below the 50 day, getting close to the 100 day that comes in around $110. The longer term trend line comes in slightly below the 100 day. Let's see how this plays out, but NVDA's upside momentum has definitely stalled. Note the 200 day is all the way down around the $90 level.