Nvidia Chart Watchers Brace for More Pain With Dip Buyers at Bay
Market technicians are closely monitoring Nvidia Corp.'s chart patterns as the company's shares continue to slide, with many tracking the key momentum indicator - the 200-day moving average. The recent breach of this average in January has sparked concerns among investors and analysts about a potential downturn in the stock. Despite some modest gains on Tuesday, Nvidia's shares remain below the gauge.
- The sharp decline of Nvidia shares signals a shift in investor sentiment towards the technology sector, potentially prompting a broader correction in the market.
- What role will the ongoing trade tensions and tariffs imposed by the Trump administration play in exacerbating or alleviating the pain for Nvidia and other tech companies?