There is weakness in the semiconductor market, $NVDA has recently been underperforming peers,
ASX
,
INTC
,
ATOM
.
The mayority of ratios are not good either, P/S, P/E, EV/EBITDA are way over Industry Average.
Short term we may see a bounce to the 165-180 zone post earnings, where there is an unfilled Gap, price should range for a couple weeks between daily 50 MA and 200 MA.
ASX
,
INTC
,
ATOM
.
The mayority of ratios are not good either, P/S, P/E, EV/EBITDA are way over Industry Average.
- Weak cryptocurrency demand of chips
- Suspension of test drives for driverless vehicles
- Uncertain macroeconomic environment may jeopardize company growth (80% company sales derived from outside US)
- Customer concentration: Top two customers accounted for 30% of total accounts receivables
Short term we may see a bounce to the 165-180 zone post earnings, where there is an unfilled Gap, price should range for a couple weeks between daily 50 MA and 200 MA.
Trade active:
Trade Active, Daily chart like clockwork