NVDA is :
1. Losing the 21 Day EMA
2. Losing yesterday Lows
3. And a formation of Evening Star Candle Pattern, which is quite a reliable bearish structure
If tonight we see NVDA confirms losing today’s low, it may confirm the trigger of this Evening star candle formation. If we see a lower high and lower low confirmation, short-term it may confirm the idea of another pullback to next support level around $169~$171 area.
NVDA is a big player in many major indices and if it goes down, it may contaminate many major tech/AI stocks. Lets watch and react!
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