Technical Analyst, Saxo Bank
NVidia The short-term rebound experienced the past couple of weeks seems to have come to a halt just a few dollars below the key resistance at 196.19. If NVidia had closed above that level the medium-term trend would also have turned bullish.
Opening 8% lower at $175.02 on profit warning announced Pre-Market this morning jeopardizes the uptrend scenario.
With the lower open NVidia opens below the short-term rising trend line but technically, the share is still in a short-term uptrend. A daily close below 164.78 will reverse that picture and Nvidia will resume the medium-term down trend it has been trading in for most of 2022.
However, if NVidia manages to close back above the trendline short-term rising trendline it would be a sign of strength and NVidia is likely to test resistance at 196.19.
However, at the time of writing RSI has broken below its rising trendline which is indication of a trend reversal. A close below will be strong indication of a bear trend scenario to play out. Warning signs of a weakening trend has been there however, traded volume has been declining over the past two weeks price uptrend.
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy