Shares of nuclear power provider Vistra (VST), which ha📖s become a favorite of AI investors, fell Thursday for the third straight day.

AI plays such as Vistra have been under pressure this week after the chairman of 澳洲幸运5开奖号码历史查询:e-commerce giant Alibaba (BABA), Joe Tsai, reignited concerns over AI spending, cautioning investors on Tuesday about an AI data center bubble.

Vistra was one of the biggest gainers in the S&P 500 last year—rising about 250%–amid surging demand for electrꦅicity to power energy-intensive AI infrastructure. However, since hitting a record closing high in late January, the stock has fallen 38%. Shares fell nearly 4ꦡ% on Thursday to around $119.

Below, we break down the 澳洲幸运5开奖号码历史查询:technicals on Vistra’s chart and identify majဣor price levels that investors may be watching.

Pennant Pattern Brea♈kdown Signals Fu༺rther Selling

After finding buying interest just below the 澳洲幸运5开奖号码历史查询:200-day moving average (MA), Vistra shares formed a pennant, a chart pattern that signals a continuation of the stock’s �♔�recent move lower.

The price broke down below the pattern’s lower trendline on Wednesday, potentially setting the stage for further declines. Moreover, the stock’s recent drop coincides with the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) retreating back below the 50 threshold, indicating a resumption of bearish price momentum.

Let’s locate two major 澳洲幸运5开奖号码历史查询:support levels on Vistra’s 🉐chart worth watching amid the potential for further declines in the stock, while also identifying important overhead areas to ꦡmonitor during possible upswings.

Major Support Levels Worth Watching

A convincing close below the 200-day MA could see the shares slide to the $105 level. The stock finds a 澳洲幸运5开奖号码历史查询:confluence of support in this location near the March low and last May’s prominent 澳洲幸运5开奖号码历史查询:swing high.

The bulls’ failure to defend this key technical level opens the door for a decline to around $85. Investors could seek buying opportunities in this area near a trendline that connects the lower range of a 澳洲幸运5开奖号码历史查询:consolidation period in June last year with the August peak.

This region also closely aligns with a projected bars pattern downside target when extracting the price bars comprising the stock’s sharp move lower from late February to early March and repositioning them from the pennant pattern’s 澳洲幸运5开奖号码历史查询:breakdown point.

Important Overhead Areas to Monitor

During upswings in the stock, investors should initially monitor the $139 area. The shares may face selling pressure in this region near the high of the pennant pattern and a series of 澳洲幸运5开奖号码历史查询:peaks and troughs on the chart st🌼retching back to early Octo⛄ber last year.

Finally, a volume-backed breakout above this location could see Vistra shares revisit higher prices around $170. Investors may decide to 澳洲幸运5开奖号码历史查询:lock in profits near last November’s peak and a brief period of consolidation positioned 🎃just below the stock’s record high.

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