Cathie Wood's Ark Invest Buys Nvidia and Broadcom on Dip
📊 NVDA — Piyasa Yorumu
▼ down · 60%Technical indicators present a weak short-term outlook, with the price trading below both the 20-day and 50-day moving averages, and the RSI at 36.7, nearing oversold territory. The MACD is negative and below the signal line, suggesting that downward momentum could persist. While Cathie Wood's purchase is a positive signal, it may not be sufficient on its own to offset the technical pressure. The 2.58% decline over the last 24 hours indicates ongoing selling pressure. Therefore, the price is likely to continue its downward trend in the short term, though a sharp drop is not expected given the supportive news.
📊 AVGO — Piyasa Yorumu
▼ down · 60%AVGO has fallen 9.4% over the last 24 hours to $380, with RSI at 26.9, indicating oversold conditions. MACD is negative and below the signal line, reflecting weak short-term momentum. The price is trading below both the SMA20 and SMA50, painting a bearish technical outlook. Cathie Wood's purchase news may provide some support, but a quick reversal of the current downtrend seems unlikely. In the short term, the risk of further decline remains high, though oversold conditions could trigger a technical rebound.