The semiconductor sector is reeling after alarming statements from ASML, and NVIDIA is also down significantly. Is now the time for BTFD? From our point of view: Not yet. We expect the NVIDIA share to reach the USD 125 mark first. This is the 38.2% retracement of the last upward movement and the start of a significant support zone in the volume profile.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.