Expect $NVDA and $AMD stock to continue downtrends after government forbids sales to Russia, China:
AMD had trouble hanging onto the $100 psychological level
. The most likely progression here is a continuation of the trend to the low $70s. The area between $71.60 and $75 has worked as support in 12 separate weeks over the past two years.down to further support at $59 but that seems only likely if the macro picture grows much worse. The Relative Strength Index should bottom out near 30 before a reversal begins.Information on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Leaked Images of Logitech's New Gaming Handheld Hint It Supports Major Streaming ServicesThe as-yet-unnamed portable may support Xbox cloud gaming, Steam, NVIDIA GeForce NOW, and the Google Play Store.
Weiterlesen »
Bed Bath & Beyond turnaround includes closings and a hit to meme fansBed Bath & Beyond unveiled a turnaround plan that envisions new financing, sweeping store closings and the sale of as many as 12 million shares of stock,...
Weiterlesen »
Russia halts gas flows to Europe via Nord Stream 1 for maintenance worksIt is expected that gas flows via Nord Stream 1, which runs from Russia to Germany via the Baltic Sea, will be suspended from Aug. 31 through to Sept. 3.
Weiterlesen »
Labor Day ski sales: Where to get the best deals in Denver this weekendThe tradition continues to thrive, though. Christy Sports and Epic Mountain Gear will hold their sales concurrently, Sept. 2-11.
Weiterlesen »
Fed's Williams Pushes Back on Market Expectations of a Rate Cut Next YearNew York Fed President John Williams said he expects rates to continue higher and to remain at those levels until inflation is subdued.
Weiterlesen »