Buy the Dip in these Tech Stocks

July 31, 2024 www.tradewins.com Other Exciting News Chuck's Income Alerts Here is your login link for tonight’s post-market “Micro Trade” training session. We’re starting at 8pm Eastern Time, so click here to grab your spot now! Blane and I will be sharing some updated trade setups and tickers that we’re watching NOW based on recent developments in the markets earlier today. You can join the room now by following this Zoom link. See you in a bit. In your corner, Chuck Hughes Recent Articles Buy the Dip in these Tech Stocks by Ian Cooper Indicators: Moving Averages by Joe Duffy Top That Trade Weekly Update by Alan Knuckman TradeWins Author Team     Unlock the 30-day secret to potentially making an extra $1,403 per month with a tiny account! In fact, You could’ve made a total of 742% on your money doing exactly this the past 5 years (includes winners and losers). What if you could make an extra $1,403 every 30 days? You’re not getting rich, per se… But you’re generating some extra cash to have and spend during these unprecedented economic times. Now, that $1,403 isn’t a promise… it’s simply an average. As you’re about to see… with many opportunities, you could’ve had months where you turned a few hundred bucks into thousands and thousands. You don’t need any special skills. Just patience and trust in a system that’s worked for years. My system. Join Trade Alert 365 Now For Just $1 About TradeWins Inside Trading Newsletter Webinars Videos Trading Strategy Options Futures Forex Day Trading Subscription Services E-Books Customer Satisfaction Survey 2020 Buy the Dip in these Tech Stocks by Ian Cooper It’s time to buy the dips in tech stocks. Over the last few weeks, we saw a massive rotation out of tech in favor of small cap stocks. All on higher hopes the Federal Reserve will cut interest rates this year. However, while it has created plenty of tech turmoil, the pullback is overdone. In fact, if we look at the bigger picture, there’s still substantial opportunity ahead with expansions, earnings, and massive expected spending in artificial intelligence. All of which will fuel further tech upside. That being said, we’d use weakness in tech as an opportunity. Look at Nvidia (NVDA) for example. After pulling back from about $140 to $114.21, it’s just starting to pivot higher again. Helping, analysts at Citi just reiterated its buy rating on the stock, with a $150 price target. All after Nvidia announced a new service that will boost generative AI for enterprises. Piper Sandler raised its price target to $140, believing the company could beat revenue by $2 billion this quarter. Even Loop Capital also raised its price target to $175 with a buy rating. Advanced Micro Devices (AMD) Beaten-down shares of AMD is also an opportunity. At $141 support, it’s also oversold on RSI, MACD and Williams’ %R and could rally back to $190 near-term. Helping, analysts at Roth MKM, Wells Fargo, TD Cowen and Citi have all raised their price targets on the AMD stock. Citi, for example, just raised its price target to $210 from $176, with a buy rating. They expect for second quarter earnings season to be a strong catalyst for semiconductor stocks. Read More   Indicators: Moving Averages by Joe Duffy A moving average is a lagging indicator because it naturally must have the price for a period before it can incorporate that period into the average. A 20-day moving average lags prices, taking longer to make turns but flowing smoothly through some indecisive price wiggles that traders might want to avoid. One simple application is that, if prices are above the moving average, you should be long; if prices are below the moving average, you should be short. This strategy catches the early long move but doesn’t do as well in the choppy periods that usually occur. Weighted and Exponential Moving Averages Believing that recent price action is more important than old price action, some moving averages put more weight on the latest prices. A 10-day weighted moving average, for example, multiplies the current period’s price by 10, the previous period’s price by 9, the price before that by 8 and so on down to the price 10 days ago being multiplied by 1. The sum of those numbers is divided by 10 to get the weighted moving average. Read More Top That Trade Weekly Update by Alan Knuckman Here’s your chance to become a bonafide “Insider” at the wildly popular Top That Trade weekly debate… syndicated on more than 100 TV stations around the world. Being an “Insider” is not only fun and exciting… it’s empowering! As a valued Triple-T Insider, every Friday a Top That Trade Insider Briefing will be delivered to your inbox… With a direct link to the current Top That Trade episode and tantalizing insight you won’t find anywhere else… here are this week’s topics! 1) DISRUPTION DAYS 2) FUND FOLLOW 3) OLYMPIC STOCKS Watch Video   www.tradewins.com                © Copyright 2024 TradeWins.com. All rights reserved. TradeWins Publishing, 22C New Leicester Hwy, #117, Asheville, NC 28806 Email: support@iss-trading.com   |   Phone: 888-233-1431   |   Fax: 888-258-4938   PLEASE READ: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. 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