Technical Analysis on .SPX& NAAS
Hello everyone! Today I want to share some technical analysis with you!
1.
Aircraft Carrier Battle Group: $NaaS Technology Inc.(NAAS)$
(1) with 10 billion US$ revenue of 2023 for NewLINK (the parent holding company of NaaS), IT IS the carrier battle group, whereas NaaS is only a key battleship.
(2) well, the new year of 2024 may see the entire battle group joins NAAS. Stay tuned.
Image
Image
2.
4760 zone: $S&P 500(.SPX)$
(1) as you can see from the 5-min chart, the current 4760 zone is very important for the short-term pattern.
(2) I think it will hold for today and the opening gap would get refilled in the end.
(3) certainly, if broken, then the red bar would/should be very long.
Image
3.
Trendline Broken: $S&P 500(.SPX)$
(1) the margin of error is very small for bulls to turn this around and repair the damage to the pattern. And do it fast.
(2) on the other hand, the initial stage of decline is NOT convincingly impulsive too. So, it is in the middle of the road situation.
Image
Follow me to learn more about analysis!!
https://twitter.com/MasterPandaWu
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.
