Continue to see a gradual recovery in semiconductor sector these coming weeks after recent selling pressure
We project to see a continuous dip in coming weeks for BTC and MSTR as price correction looms. We can see a clear decline in support volume and clear large selling volumes on 27 Nov. This marks a stark difference from the push on 20 Nov.
Even with the recent climb on S&P500, it was mainly from these 14 main stocks mostly in the Crypto, AI software, and Energy/Utilities sector.
It is clear that the interest in AI is still strong but have switched to software instead. The growth of AI software also show promising prospects from the applications of AI.
We expect rotation out of these recent gains to enter price correction and anticipate a gain in other growth-related sectors
Modify on 2024-12-02 10:26
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