Yesterday's decline was likely due to inflation data and expectations of interest rate hikes. Unless there is a change in this fundamental macro factor, it will be difficult to achieve a structural reversal.
Today's rebound is likely on lower trading volume, so those looking to exit in the short term can seize the opportunity.
In terms of pattern, it is expected to oscillate for some time, forming a double-bottom structure. A breakthrough may occur when signs of rate cuts emerge, supported by earnings reports or positive news catalysts.
If you have long-term confidence, this might be the bottom, but in the short term, you may need to adjust your mindset, especially considering the opportunity cost while AI stocks are performing strongly.
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