What I Watch For This Week (24-28th June)
Warning: These are my opinion, please don't take it as financial advice (I'm new to stock trading ![]()
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Nvidia drops almost 7% for the past few days as investors and hedge funds collecting profit that the share has accumulated for days. Another reason for the drop of Nvidia is likely linked to Jensen Huang, CEO of Nvidia, sold some of his share for profit, caused fear for some investors to sell ![]()
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Nvidia should be corrected today or someday in the future if you are a long-runner, with the positive and optism toward the company for months, its only the end of the year that Nvidia going to bullish toward 1000 again. ![]()
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Of course, in case of worst scenario, we should look at supprot at $118 that Nvidia broke yesterday (pre-market price at the current time of the post is 120). If Nvidia bearish further, we should observe for support at 108.
This stock feels like a meme stock at the moment. The stock faces volatility in the lead-up to the first presidential debate between Trump and President Joe Biden, who will meet Thursday night in Atlanta. If everything turns out positive for Trump, this stock could even pump further. ![]()
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At 30 minute chart, DJT formed a cup handle formation and likely to bullish today (I'm just speculating don't take my words for it).
On the Aussie market, investors are exciting toward Paladin Energy purchase deal of Fission, a Canadian-based uranium mining company. Although it sent the stock down 7% today, we can't just forget about the uprising of Uranium since years. ![]()
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"The price of the radioactive metal has more than tripled during the past five years, accelerating after Russias invasion of Ukraine sparked a newfound need for alternative sources of the reactor fuel.
The surge in the price of uranium is a testament to the magnitude, and speed, of this pivot back to nuclear. Over the past five years, the metal has climbed 233% — more than triple the gains in gold and copper even after declining a bit in 2024." - source from Bloomberg
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first year university student trying to make some dollars to pay for inflated lunch.
• I'm new to stock trading 😁
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liquidgold : Geez. Is uranium tradeable?
Biinz19_9 OP liquidgold : not apparently but you can trade on company with uranium background like. $Fission Uranium Corp (FCU.CA)$
liquidgold : That CA is for Canada? So its not tradeable in US stock market?
Biinz19_9 OP liquidgold : you can look for US Uranium company, not just Canada is on the uranium ride.
liquidgold Biinz19_9 OP : I see. Thank you
Biinz19_9 OP liquidgold : https://www.bloomberg.com/news/features/2024-06-12/uranium-price-surge-helps-deadly-metal-dominate-commodity-market
葡萄山 :
葡萄山 : I think you are correct. Already recovered thanks your info
もふもふ0258 : I bought $NXE in uranium