NVDA Tests 120MA: AAPL Worries Comings Impact? Buy Tesla?!

Ryan_Z0528
09-05

According to marketchameleon.com, $S&P 500(.SPX)$ has 19% of Stocks in Correction Territory, Compared to 19% a Week Ago, Some of the symbols that have newly entered correction territory are $Caterpillar(CAT)$ , $Citigroup(C)$ and $Starbucks(SBUX)$.

Many dividend stocks and defensive stocks in the $DJIA(.DJI)$, for like $Procter & Gamble(PG)$ $Coca-Cola(KO)$ $UnitedHealth(UNH)$ $Berkshire Hathaway(BRK.B)$ $IBM(IBM)$ are still setting new historical highs;

Read more>>

After the Wednesday financial report, $C3.ai, Inc.(AI)$ fell more than 16%. People began to worry that the short-term cycle of semiconductor surge has ended, but $NVIDIA Corp(NVDA)$ 's stock is testing its 120-day moving average price. If it stabilizes, there may be a rebound, otherwise it will be more pessimistic.

NEWS: What History Says About Apple Stock on iPhone Launch

In addition, the US FED Nmay cut interest rates on September 18, and the $Cboe Volatility Index(VIX)$ has risen sharply this week. It is difficult to go long in the short term, but there are more opportunities for shorting.

But the good news is that we may be able to turn our attention to $Tesla Motors(TSLA)$ . When $NVIDIA Corp(NVDA)$ fell before, Tesla rose. Tesla rose by more than 4% on Wednesday.

It feels like the confidence of $Tesla Motors(TSLA)$ investors has returned. From the technical chart, the short-term target price is above $300.

To be honest, this environment and this price are really attractive.

Welcome big players, smart money or professional funds to actively increase their positions so that retailer investors like me can follow the wave. ​

Nvidia Dips Post-Earnings: At What Price Will You Add?
Nvidia drop 2% despite exceeding expectations for the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and $35.08 billion in revenue. Analysts surveyed by LSEG were expecting 75 cents in earnings per share and $33.16 billion in revenue. ----------------- What's your target price for Nvidia? Head to $130 or $140 this week?
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

We need your insight to fill this gap
Leave a comment
4