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PDD Forms a Strong Bullish Gap Higher
PDD is extremely oversold after the recent post earnings selloff. PDD had some very strong numbers, but the earnings call was a disaster because the Board members essentially said strong competition will make it difficult for PDD to maintain high profit margins and revenue. I think this selloff is an overreaction to poor choice of […]Read More
NVDA’s Bearish Gap Below Resistance
NVDA opened with a bearish gap lower today, and is now trading below the red resistance line. I would monitor for a break above resistance again around $125.08. I think we’re trending for a green day, and I’m curious to see how high NVDA will rebound here. I think we are likely to end the […]Read More
Huge Rebound for the Stock Market During Overnight Trading
We are experiencing a lot of volatility in the stock market, which is demonstrated by the alternating days of green and red candles. Yesterday NVDA’s earnings was a gamble, but the king of tech stocks delivered on huge expectations and set high guidance. There was some media criticisms that NVDA didn’t crush expectations. I think […]Read More