NVDA 60M: Support Reclaimed, Targeting $209.99 After a DipNVIDIA CorporationBATS:NVDAEmpressBTCI'm using the reclaimed support line at $170.51 and the resistance at $180.31 just above price. NVDA fell to $166.44, climbed back over $170.51, and I expect a small dip to retest that line before a bigger bounce. On Tuesday NVDA closed at $168.80 on 420.8 million shares, more than three times its three-month average. Heavy volume near a low can mean sellers are running out, but only a hold above $170.51 would show it. What's behind the drop? Nvidia sank 5.47% on Tuesday after reports that CEO Jensen Huang had an affair with an alleged Chinese spy. Nvidia said independent directors and counsel will oversee an investigation. The stock is on a six-week losing streak, the longest since 2012, and is 29% below its Oct 6 peak. The angle I'm watching AMD, Qualcomm, Taiwan Semi and Intel all rose while Nvidia was the biggest loser on the Dow and the S&P 500. That makes this a company-specific sell-off, not a collapse in AI demand. 78 of 82 analysts rate the stock a buy, with an average target of $320. So my plan here is, I want a dip into $170.51 that holds. Target 1 is set at $180.31, Target 2 at $195.95, and my final target at $209.99, the Nov 6 high. A close below $166.24 cancels the idea. Risk Dan Ives expects the board probe to take 4 to 6 weeks and to weigh on the stock until more news comes out. A shareholder lawsuit has also been filed, and earnings are due on November 17. If the news gets worse, $166.44 can break.