NVDA closes below 200 Day SMA

NVDA had a very bad day today with more than 550 billion $ Market Cap destroyed. This is one of the worst days for NVDA since March 2020. The 200 Da SMA price was 122 $. NVDA closed @ 118 $. This makes it a daily close below the 200 Day SMA. There might be some more downside and sideways movement before it starts a bullish upward trend before its earnings release on Feb 26. 6-12 Months down the line this might be one of the best buying opportunities. Long NVDA 110 $ - 120 $.