Nvidia Stocks Threatened: Could NVDA Face Major Setback?
Nvidia Faces Support Level Challenge
Nvidia (NASDAQ: NVDA) is treading on thin ice as it flirts with a critical support level. Currently trading at $138.68, the stock is up 0.98% on the day, yet down over 5% for the past month, showing signs of vulnerability.
Technical Analysis of NVDA Stocks
If NVDA breaks below the $132 mark, technical analysts warn it could be lights out for the AI chip giant's near-term momentum.
Head and Shoulders Pattern Emerging
A head-and-shoulders formation has emerged, signaling potential trouble ahead. This bearish chart pattern suggests a reversal may be imminent if the $132 support level fails to hold.
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