Nvidia Stock Held Up Better Than Mag 7 Peers During Thursday’s Rout—Watch These Key Levels | Global News Avenue

nvidia(NVDA) Shares were better than other magnificent seven shares Thursday after investor seeking sales opportunities from chipmakers.

AI favorites have been under pressure since late January Artificial Intelligence Competition from China Concerns about overspending of technology giants have sparked overspending of infrastructure sold by NVIDIA. Recently, I’m worried tariffthe loud noise of inflation and further export routes may delay chip sales, also shocking people.

Yesterday’s rebound and Report Chip manufacturers and advanced micro-device (AMD) and Broadcom (avgo), Taiwan semiconductor manufacturing company has contacted (TSM) About forming a joint venture Own and run Intel(INTC) Founder.

NVIDIA shares fell 0.1% to $115.58 on Thursday, while MAG 7 Peers are declining sharply in wider sell-offs Send the S&P 500 index into correction Nvidia shares fell 14% for the first time since 2023, while Lion’s stock loss occurred last month.

Below, we carefully studied Nvidia’s charts and applied them Technical Analysis Point out key price levels that investors may be focusing on.

Descending channel formation

NVIDIA shares have been in the market since a record record in early January Descending Channeland volume Pick it up in the second half of February.

Recently, the stock found buying interest near the channel’s low trend line Relative Strength Index (RSI) Move backwards with the indicator.

Looking to the future, 50-day moving average (MA) Investors should converge to 200 days of MA and pay attention to potential The Cross of Deaththis is a signal to predict a further decline.

Let’s determine a few keys Support and resist Levels on the NVIDIA chart may play a role in future price fluctuations.

Key support levels to watch

The first key support level to watch is priced at $105. The region is currently near the trend line with lower down channels, which may attract purchase interest near the month’s lows and September slots.

A close distance below this position may make stocks revisit the lower support around $96. Investors may look for Accumulate stocks In the area near Twin Peaks in March last year, the peak was closely aligned with early August Swing low.

Important resistance levels to monitor

Once the move is higher, it is worth monitoring how the stocks cope with the $130 level. The area may provide overhead sales pressure on the upper trendline, moving average and several aspects of the down channel Peaks and slots On the chart last June.

Eventually, further upside potential could lead Nvidia shares to around $153. Investors who buy at lower prices may seek Exit point Several peaks near the area are located below the stock High history.

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