INTC, NVDA and AMD Forecast – US Tech Giants Sluggish Early

Intel Technical Analysis

Intel looks like it is going to be a little bit negative in the early hours here on Monday, but not so much so that I would be overly concerned.

The $45 level looks like it is going to continue to offer support for Intel and with that being the case, I am looking at a pullback and a bounce as a potential opportunity to get long again.

NVIDIA Corporation Technical Analysis

Nvidia looks like it’s going to be a little bit soft, but we also have the 50-day EMA sitting just below, and that could, of course, offer a bit of support in general. After that, we have the $180 level. The $195 level above continues to be a major barrier; breaking that could send Nvidia higher. Earnings call is not until the 25th of February, so we have some time to go, and I think ultimately this is a market that you buy the dips in but probably don’t look for major moves.

Advanced Micro Devices Technical Analysis

AMD looks like it is going to be slightly negative in the early hours here on Monday, but the 50-day EMA currently sits below there near the $226.16 level. This is a market that I think probably drifts towards the 50-day EMA.

Somewhere in that neighborhood, I would anticipate buyers jumping in to take advantage of the bounce. If we break down below there, we could drop all the way down to $200 and still be in consolidation. I think this eventually rallies again, but in the short term, we have concerns with a little bit of choppiness.

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