During this recent decline for Nvidia stock prices, what is a good support level Knowing that earnings are going to be later this month

Considering the recent decline in Nvidia's stock price and the upcoming earnings announcement, here are some key support levels to consider:

1. **Recent Support Levels**: Nvidia's stock has found support at various levels recently. The most notable are:
- The support zone between $103.67 and $103.73, which has been formed by a significant support area.
- The first support level at $103.96, as indicated by the Barchart Opinion.
2. **Technical Indicators**: The stock is trading below its 50-day moving average of $120.4, which could indicate a bearish trend. However, the 5-day and 10-day moving averages are $109.76 and $113.45, respectively, suggesting a potential for a short-term rebound.

|Ticker|Name|50-Day Moving Average|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|NVDA.O|Nvidia|120.3966|109.7640|113.4540|20240802|NVDA|185|

3. **Resistance Levels**: The stock is currently facing resistance at the 50-day moving average and the 2nd resistance point at $125.41. Breaking through these levels could indicate a potential upward trend.
4. **Earnings Expectations**: The upcoming earnings announcement on August 28, 2024, could significantly impact the stock price. Historically, earnings have been a key driver for Nvidia's stock performance.
5. **Market Sentiment**: The broader market sentiment and investor expectations should also be considered. For example, the average price target from analysts is $142.74, suggesting an upside potential.

In conclusion, given the recent support levels and technical indicators, the area between $103.67 and $103.73 could be a critical support level for Nvidia's stock during this recent decline. However, it's important to monitor the stock's performance against the 50-day moving average and the upcoming earnings report for potential trading opportunities.