Nvidia buying activity signals major correction ahead for NVDA stock

The bullish momentum surrounding semiconductor giant Nvidia (NASDAQ: NVDA) might be coming to an end, according to technical indicators, particularly in relation to buying activity.In this regard, trading expert Peter DiCarlo’s analysis in an X post on July 15 suggested that Nvidia has seen a third consecutive week of reduced buying activity. This emerged despite the stock maintaining positive gains. Although the stock’s closing price was higher for the week, the BX Trender—a key technical indicator trackin ...