melson
01-05

$NASDAQ 100(NDX)$ made 9 consecutive weekly gains, usually 5 is the norm. when gains exceed 5 consecutive gains, the pullback will usually be very sharp. hence, looking at the pnf chart, a pullback to 14,500 is possible. this is coupled with market being disappointed with fed official's estimated rate cuts in end of 2024 rather than mar 2024. it is expected that us economy will fall into recession in the first half of 2024.

$Apple(AAPL)$  fell with great downward momentum. we might be looking at 173. 

$Microsoft(MSFT)$  might be revisiting325.

tech stocks are very sensitive to interest rates. since interest rates are going to stay high for longer, tech stocks will be beaten as pivot guys run road and shortists give chase. 

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.


merci beaucoup @Asphen and@koolgal for insightful posts

merci beaucoup@TigerStars for the award and reviewing our posts

merci beaucoup@TigerWire for so many hot topics to post

Tech Stocks Pullback: What's Next?
After the start of the new year, tech stocks came under pressure, with IXIC dropping by 1.63%. NVDA witnessed a 2.73% decline, Meta fell by 2.17%, and both MSFT and AMZN experienced a drop of over 1%. ------------- Where might tech stocks pull back to? At whar price will you add tech stocks?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • PorterLamb
    01-05
    PorterLamb
    Wow, that's quite a detailed analysis! Sounds like you've put a lot of thought into it. It's always interesting to see different perspectives on the market. Cheers to @Asphen, @koolgal, and @TigerStars for their insightful posts! And thanks to @TigerWire for keeping the discussions lively. Happy trading, everyone! 🚀💸
    • melson: 
      [Happy] c'est mon plaisir
  • DdAlpha1
    01-08
    DdAlpha1

    Great ariticle, would you like to share it?

  • LMSunshine
    01-08
    LMSunshine
    Thanks buddy for tire insight post ❣️
  • Tangan
    01-08
    Tangan
    Thanks
  • Aqa
    01-05
    Aqa
    Liked!
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