Michael Burry Reduces Bearish Bets on NVDA and CRWV
📊 NVDA — Piyasa Yorumu
▲ up · 55%Michael Burry's reduction of his bearish bet on NVDA could signal a slight recovery in the short term, indicating short position closures. However, the price is below the 20 and 50-day moving averages and the RSI is around 30, near oversold territory; this suggests that selling pressure is not yet fully exhausted. The MACD is negative and below the signal line, meaning momentum remains weak. The news alone is not sufficient for a strong reversal; buying interest may remain limited. A slight upward reaction is possible in the 1-3 day timeframe, but additional confirmation is needed for a trend reversal.
📊 CRWV — Piyasa Yorumu
▲ up · 55%Michael Burry's reduction of bearish bets on NVDA and CRWV can be interpreted as a positive signal for CRWV in the short term. The stock has risen 5.6% in the last 24 hours and closed at 91.64; however, it is still trading below its 20-day moving average (95.99). The RSI is at 45.4, in neutral territory, and below the MACD signal line, indicating weak momentum. The news may trigger a short-term relief rally, but the technical picture has not fully strengthened. Therefore, I assess the 1-3 day impact as a moderate upward movement.