The Nasdaq is heavily weighted to the FAANGS Tesla and Paypal.
Sone of them are exhibiting topping patterns PayPal already topped and as you saw sell off was brutal as so much leveraged money in these stocks.
I don't know when the markets will roll over but the longer term Fibonnaci numbers suggest this year.
Fibonnacci 89 weeks from Covid lows comes in next week which is also 21 Fibonnaci months
Hang Seng already down substantially but as far as USA and Australia concerned and Europe I expect them to halve in value at a minimum.
i expect many "fluff " stocks to lose 80 to 90 percent from ATH and all BNPL on ASX to go to zero
Keep an eye on Sezzles loan facility with Goldman Sachs if they pull that it's likely they will pull loans to other BNPL
Daily Price Movement / General Discussion, page-38279
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Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |