Fundamental Analysis
Today's US data is not good. Technology stocks are generally seen as a long-term investment tool. However, access to low-cost money has become difficult as a result of high inflation in the world. (Raising interest rates, narrowing the balance sheet)
As the situation is like this, the possibility of a new peak is hardly left. The rise in the global debt stock, the rise in inflation and the lack of monetary expansion opportunities may even cause stagflation.
Technical analysis
You can see this rise as a correction of the decline from 16.000 levels to 13.000 levels. The price dropped by about -22%. There was no need for such a sharp decrease, the market news interpreted excessively aggressively and the stock market started to rise again. The 15500-16.700 region is very suitable for selling and profit realization. In the long term, I expect the price to fall below the level of 13,000. But my guess is that it will not be permanent in the lower regions.
Today's US data is not good. Technology stocks are generally seen as a long-term investment tool. However, access to low-cost money has become difficult as a result of high inflation in the world. (Raising interest rates, narrowing the balance sheet)
As the situation is like this, the possibility of a new peak is hardly left. The rise in the global debt stock, the rise in inflation and the lack of monetary expansion opportunities may even cause stagflation.
Technical analysis
You can see this rise as a correction of the decline from 16.000 levels to 13.000 levels. The price dropped by about -22%. There was no need for such a sharp decrease, the market news interpreted excessively aggressively and the stock market started to rise again. The 15500-16.700 region is very suitable for selling and profit realization. In the long term, I expect the price to fall below the level of 13,000. But my guess is that it will not be permanent in the lower regions.