Nasdaq to Continue Downtrend
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Unless the fed decides to pause or reduce rates, I see tech continue to sell off. Few gaps will be filled before I re-consider a bullish stance.
My current focus on biggest potential is:
NVDA, using government AI legislature speculation as a catalyst (Biden mentioned today their will be more on this in the weeks to come). Along with not having the abilitiy to meet demand (as stated from TSM CEO). 385 PT1. Will update as that is met with a second PT.
AAPL has had little news and I suspect earnings will come in shy or just at expectations, which isn't enough to sustain their current market cap. 180 PT
SNOW: Still too much speculation on future revenue and now tied to NVDA. Not trading it now but will continue to monitor.
https://www.tradingview.com/x/9ZRBLvNV/
My current focus on biggest potential is:
NVDA, using government AI legislature speculation as a catalyst (Biden mentioned today their will be more on this in the weeks to come). Along with not having the abilitiy to meet demand (as stated from TSM CEO). 385 PT1. Will update as that is met with a second PT.
AAPL has had little news and I suspect earnings will come in shy or just at expectations, which isn't enough to sustain their current market cap. 180 PT
SNOW: Still too much speculation on future revenue and now tied to NVDA. Not trading it now but will continue to monitor.
https://www.tradingview.com/x/9ZRBLvNV/
Ghi chú
NVDA PT2: 330
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