Nvidia’s Stock Chart Shows ‘Bearish Engulfing’ Pattern, Suggesting a Possible Temporary Peak

Nvidia’s Stock Chart Shows ‘Bearish Engulfing’ Pattern, Suggesting a Possible Temporary Peak

Nvidia experienced a 3.5% drop on Thursday, following a red-hot streak that temporarily made it the most valuable public company in the U.S. This drop led to the formation of a “bearish engulfing” pattern in the technical charts, indicating a potential reversal in the stock’s upward momentum. A bearish engulfing pattern occurs when a large … Read more