Currently,
AMD shares have dropped 6.76%
The NASDAQ index is currently down 351 points (-2.07%) at 16,475.75, after falling to a session low of 16,420.56. The high for the day reached 16,600.36.
Looking ahead, the next key downside target is the 50-hour moving average, which comes in at 16,330.78 and is gradually rising.
Yesterday, Nvidia briefly moved above its 200-hour moving average—the third attempt in the past week—but once again failed to sustain the breakout, highlighting a recurring technical rejection.
Adding to the bearish tone, the high from April 9 stalled at $115.03, which corresponds to the 50% retracement of the decline from the February high. The inability to break through that level has further dampened bullish sentiment.
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us stocks back under pressure w nasdaq leading nvidia technicals break below hourly mas was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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