Lenovo's stock is affected by tariffs.

Shares of Chinese tech giant Lenovo fell for the first time in a year due to new tariffs.

The stock fell more than 2%, and the company's profits declined

 by more than 64% during the fourth quarter of the fiscal year.

It's worth noting that the company had previously achieved profits

 in recent months of more than $90 million, while revenues exceeded $16 billion.

It's also worth noting that China and the United States have reached an agreement,

 whereby tariffs will be temporarily suspended for 90 days.

As for the stock's technical analysis:

The stock rebounded from the downtrend shown on the chart.

The stock also broke the upward corrective trend,

further strengthening the negative outlook for the stock in the medium term.

The stock is currently expected to continue its decline to the 8.92 level.

If it breaks and closes below the indicated level,

we may see the decline continue further to the 8.11 level.