Trump Takes Nvidia CEO on Mission to 'Open Up' China
📊 NVDA — Piyasa Yorumu
▲ up · 60%The news that Trump is taking Nvidia's CEO on a mission to open the Chinese market can be interpreted as a positive geopolitical development for the company. Technical indicators also support this optimism: the RSI at 64 is not approaching overbought territory, the MACD is positive, and the stock is trading above both the SMA20 and SMA50. The 3.8% rise in the last 24 hours suggests continued momentum. However, I am not highly confident due to the lack of a clear agreement or concrete steps in the news, and the risk that the market may have already priced in the rally.
📊 GOOGL — Piyasa Yorumu
▼ down · 65%The news points to a development that could escalate US-China trade tensions, potentially putting pressure on technology stocks. GOOGL shares have fallen 2.3% in the last 24 hours, with an RSI of 42 indicating weak momentum. The MACD line is below the signal line and in negative territory, supporting a short-term bearish trend. The price is trading below both the 20-day and 50-day moving averages, presenting a technically weak outlook. The uncertainty created by the news and the weakness in technical indicators suggest that a downward movement may continue over the next 1-3 days.