Apple, Meta, NVIDIA. Big Cap Nasdaq 100 Names Tone It Down. [Forbes]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Forbes
Rather than assess whatever is said in quarterly reports and parroted in the financial media, it's probably better to simply see what buyers and sellers of the equities are up to. You don't need a Master of Business Administration degree or even an advanced statistics dissertation to tell if the trend is up or down. It's unnecessary to find the exact words for an artificial intelligence prompt if you can see where buyers provided price support or where sellers provided resistance. The Nasdaq 100 daily price chart looks like this now: Nasdaq 100 daily price chart, 5 7 2024. PROMOTED This index with the heavy concentration of big cap tech and social media stocks peaked in mid-March at just under 18500. Since then, it dropped in mid-April to 17000 before buyers returned and, as May begins, have taken the price back up to just over 18000. The Nasdaq 100 now has 2 closes above the 50-day moving average and the 200-day moving average trends steadily upward. Here's the daily pric
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