"Nvidia's Future Hangs in the Balance as US-China Tensions Escalate"

Nvidia's stock experienced a pullback from its all-time high amid increasing tensions between the US and China, with President Joe Biden planning to limit Chinese companies' access to US cloud-computing services. The stock recently formed a shooting star candlestick pattern, indicating a potential reversal in prices. Traders will be watching for confirmation of this pattern, with a lower high and a drop below $400 as bearish signals. Nvidia has a gap on the chart that may fill in the future, but it could be a breakaway gap. The stock is currently trading above the eight-day exponential moving average, with resistance at the all-time high and support levels at $419.38 and $383.40.