zizixx
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The chipmaker is down 5.2% so far this year, less volatile than rival $NVIDIA(NVDA.US$'s more than 70% drop, but far behind the $PHLX Semiconductor Index(.SOX.US$'s 21.85% gain.
Consensus Estimates
• Analysts project AMD's Q2 revenue at $5.72 b...
![AMD Earnings Preview: Could AI chip revenue boost its stock price?](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240730/1722336174030-09aa4ccdcc.png/thumb?area=104&is_public=true)
![AMD Earnings Preview: Could AI chip revenue boost its stock price?](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240730/1722331356609-56e11d920b.png/thumb?area=104&is_public=true)
![AMD Earnings Preview: Could AI chip revenue boost its stock price?](https://sgsnsimg.moomoo.com/sns_client_feed/101000106/20240730/1722334367487-023ee4316c.png/thumb?area=104&is_public=true)
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Today, Malaysian stocks easily broke through the 1,590 level. At noon trading, they had already risen to the 1,595 level. The whole office was excited, speculating whether they could break through 1,600 points when the market closed today.
After all, the last time I stood above 1,600 was on April 29, 2022, two years ago.
As to whether there will be a market correction tomorrow, BBBWealth financial planner Xiang Qingfa pointed out in an interview with “Nanyang Commercial Daily”: “The current trend of the comprehensive index has formed aStrong upward momentum. Based on the recent active trading sentiment in the market, and with the help of the return of foreign capital,Breaking through the 1,600 psychological level won't be a big challenge.”
It means that breaking through 1,600 points is not a dream; however, will it continue to rise after passing 1,600 points? He pointed out,1614 points is a strong resistance.
” After all, 1,614 points is also the level where the epidemic has plummeted. The funds of many retail investors are locked in this region, so it will become selling pressure, impacting the upward momentum of the composite index.
Are 1,600 points just a flash?? He pointed out that if the Composite Index's rise is blocked,It is estimated that it will enter a period of consolidation, but as long as the 1,575-point support level is maintained, the overall upward trend can still be maintained.
“I think even a consolidation in the composite index would benefit the overall trend, make the long-term gains healthier, and consolidate their sustainability.”
Looking out of nowhere? Composite Index Approaches 1600 Level (enanyang.my)
After all, the last time I stood above 1,600 was on April 29, 2022, two years ago.
As to whether there will be a market correction tomorrow, BBBWealth financial planner Xiang Qingfa pointed out in an interview with “Nanyang Commercial Daily”: “The current trend of the comprehensive index has formed aStrong upward momentum. Based on the recent active trading sentiment in the market, and with the help of the return of foreign capital,Breaking through the 1,600 psychological level won't be a big challenge.”
It means that breaking through 1,600 points is not a dream; however, will it continue to rise after passing 1,600 points? He pointed out,1614 points is a strong resistance.
” After all, 1,614 points is also the level where the epidemic has plummeted. The funds of many retail investors are locked in this region, so it will become selling pressure, impacting the upward momentum of the composite index.
Are 1,600 points just a flash?? He pointed out that if the Composite Index's rise is blocked,It is estimated that it will enter a period of consolidation, but as long as the 1,575-point support level is maintained, the overall upward trend can still be maintained.
“I think even a consolidation in the composite index would benefit the overall trend, make the long-term gains healthier, and consolidate their sustainability.”
Looking out of nowhere? Composite Index Approaches 1600 Level (enanyang.my)
Translated
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zizixx
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Although investors believe that the Federal Reserve will maintain high interest rates for a longer period of time, the strong corporate earnings season supported the market, and the three major Wall Street stock market indices all closed higher today.
$Dow Jones Industrial Average(.DJI.US$Up 146.43 points, or 0.38%, to close 38386.09 points.
$S&P 500 Index(.SPX.US$Up 16.21 points, or 0.32%, to close 5116.17 points.
$NASDAQ(NASDAQ.US$Up 55.18 points, or 0.35%, to close at 15983.08 points.
As optimism rises, I wonder if it will continue to drive Malaysian stocks to continue to rise?
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY$
$Dow Jones Industrial Average(.DJI.US$Up 146.43 points, or 0.38%, to close 38386.09 points.
$S&P 500 Index(.SPX.US$Up 16.21 points, or 0.32%, to close 5116.17 points.
$NASDAQ(NASDAQ.US$Up 55.18 points, or 0.35%, to close at 15983.08 points.
As optimism rises, I wonder if it will continue to drive Malaysian stocks to continue to rise?
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY$
Translated
![Strong financial performance of US companies drove US stocks to close overnight](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240430/1714438340582-77de078916.jpeg/thumb?area=104&is_public=true)
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Hey, mooers! Welcome back to Moomoo's Feature Challenge, where we help you master powerful tools on moomoo and take on quiz challenges to win rewards!
Navigating the complex world of investing and selecting the right stocks can be daunting for new traders. Fortunately, by providing a comprehensive overview of stock ratings, target prices, and top analysts, all easily accessible from a single tab, Analyst ...
Navigating the complex world of investing and selecting the right stocks can be daunting for new traders. Fortunately, by providing a comprehensive overview of stock ratings, target prices, and top analysts, all easily accessible from a single tab, Analyst ...
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zizixx : waiting