The technician cares about NVIDIA cautiously on Tuesday to show whether the sales of out of sale have ended, or whether there is further downside. NVIDIA increased by 7 % per day after the worst market value loss of all American public trading companies in its history. On Monday, the graphic processing unit manufacturer fell nearly 17 %, disappearing more than $ 595 billion from its market value. Despite selling, NVIDIA is still worth $ 2.9 trillion, which is only behind Apple and Microsoft. On the basis of 12 months, the stock turned around. However, after the amazing decline on Monday, after Nvidia fell to its 200 -day mobile average in the past two years, some market observers worried that the technical background of AI Darling might deteriorate. Javed Mirza, a Raymond James (Raymond James), wrote on Tuesday: “Nvidia Corporation (NVDA) shows signs consistent with the new intermediate (1-3 months) correction phase.” NVDA 5D Mountain Nvidia, Nvda, In five days, Mirza said that at the 40 -week mobile average level, a weeks closed a weeks lower than the key technical level, about $ 124.81, and it will be confirmed that the stage of correction will be confirmed. After a break below this level, he will re -consider the support of $ 94.27, which is more than 20 % lower than the current level. NVIDIA’s transaction volume on Tuesday afternoon was about $ 127. Rob Ginsberg of Wolf Research also pointed out that even after selling on Monday, Nvidia has not been oversold. He said that the support test of $ 100 in the end ” It looks more and more likely. ” The closing price of the stock from Monday was reduced by more than 15 %. The impact of any weaknesses of the market influence Nvidia far exceeds a stock, because the wider market growth of 2024 and 2023 is largely the huge impact of AI chip manufacturers in the index. The S & P 500 Index was sold on Monday and fell 1.5 %, even if it was Tech Holding, the wider market was the same. Mirza of Raymond James wrote: “NVDA’s midterm of the middle period will strengthen our wider market view, that is, the stock market has a 4 -year cycle of 2025 (cyclical bear market) (cyclical bear market) Risk. “Other technicians believe that the downlink risk of the Person 500 Index has not ended. Katie Stockton of Jonathan Krinsky and Fairlead Strategies of BTIG each considers the benchmark to re -test its 200 -day mobile average. Krinsky’s Krinsky wrote on Tuesday: “Given the weight of the technical weight in the Standard Purcera 500 Index, we think it may bear pressure and still expect to test the 200 DMA later this quarter.” “But, if the recent rotation is rotating recently Continue, even if the overall breadth will actually improve, this situation may happen. Whether in the digital revolution, whether it is a magnificent seven companies or a small network security company, or automation and robotics technology companies. They believe that the plundering of NVIDIA on Monday is related to the excess technology in the stock, not the basic story, and says they will hold stocks. However, they said that they will not temporarily add them to stocks now, waiting for how to stand out in stock movements. Louis Navellier, the founder of Navellier & Associates, said: “There is no reason to sell NVIDIA.” “But, as for the increase, this will require a lot of courage.” Navellier said that NVIDIA is the highest in his investment portfolio and distributed 15 %. At the trading conference on Monday, he is expected to end one day in the investment portfolio of more than 3 % in the investment portfolio of AI chip manufacturers. However, Navellier said he has been an investor in the company for more than four years, and he said he will hold the name. Navier said: “I will wait for the bouncing, and then re -test.” “This is what I usually do.”
NVIDIA levels must determine whether the selling is over-or whether there are more | Real Time Headlines
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