Nvidia had a sharp countertrend rally two weeks ago, but now the chip giant may be rolling over.
Prices jumped over $183 on May 27. They remained above that level and started making lower highs on June 2. That kind of descending triangle is a potential bearish continuation pattern, which was broken to the downside yesterday.
Second, this month’s high was slightly lower than May’s. That’s consistent with a downtrend.
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