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making our way through AMD smci arm broadcom and Micron most importantly also Intel earnings I'll show you a glimpse of that Intel is just collapsed and not just Intel we are seeing across the board on semiconductors quite deep red quite a huge selloff going on right now so before starting off with Nvidia I just want to quickly take you over to Intel and let's take a look at that because this thing is just done guys this thing is just brutally collapsed right now in the post Market it's at $234 so which is wow down here almost below all of our levels this thing is done guys looks like yeah like this this is just completely done collapsed no hope left on on this thing I guess yeah this I don't know if it's going to go bankrupt or what but yeah this is just brutal on Intel after quite a while they had their red earnings they missed by quite a lot wow earnings wow EPS is just brutal right now last time their EPS was 0.18 reported and this time it's 0.02 that's like nothing 80% negative from the estimate and revenue is little bit down but yeah EPS wow anyway so that's Intel uh Intel will cut job here we go suspend dividends and cost pushing cost saving push is just the article I'm reading from here headline but anyways let's jump to Nvidia let's talk about Nvidia so Us justice department just one news I want to talk about on Nvidia as well Us justice department is investigating Nvidia acquisition of AI startup political reports so so just details are in there they're out of antitrust grounds they're investigating it but anyways doesn't matter we have the technicals in our hand we'll work with the technicals here we go so Nvidia in the post Market is down at 1075 cents on The Daily interval how that looks like it looks like like yeah pretty much this is I'm not going to draw that line it's the bottom of this today's Wick right now a quick summary we rejected stayed below 20 and 50 days moving average lost 118 there it was just a break and there are two levels I've talked about one is 111 that if NV can stay above that today or find bouns there is a potential of inverted Head and Shoulder that I was talking about that is out of the picture guys so let's go to the hourly interval right away overall structure is in the downtrend right um this was the level I was talking about 111 you can see we rebounded to that level and rejected there that's why these levels are so important because this is where price will react the most and uh yeah that's so yeah 111 is where we rejected and you can see 106 is almost where we rebounded we came all the way down to 106 and look at that's why these levels are so important guys to to trade with right so all in all structure is not looking good on Nvidia we couldn't stay above 111 that was the chance likelihood of inverted Head and Shoulder but since we couldn't stay above it couldn't establish consolidation no pivots formed over there unfortunately uh inverted Head and Shoulder right now is not in the picture I want to go back to the Daily interval for a second and just want to give you a clear picture here that we are still in the lower highs lower lows and that 118 but that we got out and above yesterday unfortunately and V just couldn't hold above there so once we broke below that again structure just stayed bearish to the downside even on intraday and intraday I talked about in the morning as well that uh this is where we have lower highs and 200 hours moving average break with the 20 hours moving average break losing 180 and everything was setting up for the downside on intraday and we plummeted now what from here right at this point the level to watch is if we lose 106 unfortunately we are coming down to levels like 102 and let's see if we continue much lower as well but right now it's bearish so it's just bearish rebound is only likely possibility to play if we get about 111 otherwise no this area is still a rejection area if it stay below 111 tomorrow it's just a bearish play Above This would be some intraday rebound only but overall structure will not be bullish on Nvidia even above 111 just lot of a lot of still selling pressure and structure today showed us the continuation that it's just want to stay in the bearish structure and it is still in the bearish structure now all those possibilities the likelihood at $111 of possibly staying or turning bullish again all those possibilities are gone because the level did not hold with no consolidation no pivot there like there is not even a point of talking about oh what did the level hold no because no consolidation no support we got some bounce at 106 so that was an area if you are wanting to take intraday rebound but uh that was that at 106 and then you can see then B rejected at 111 again that's why level tradings are so important that's Nvidia and let's take a look at another collapse today that is AMD so AMD is just just Kaboom here guys this thing is just so bad right now well all the hopes for the Bulls were lost the last line of defense was 141 and 24 cents once we lost that again period over it's just plummeting right still rejecting below 200 days moving average uh right now the next level is 122 let's see if tomorrow that's where we are heading but yeah right now structure is to the downside intraday as well we may continue to remain downside uh as long as we stay below 136 and 83 cents if we get above 133 69 cents some rebound is a possibility to 36 and 81 cents um but yeah I would not bet more than that into this rebound right now yeah if we get above that sure we can continue a little bit higher as well but uh yeah until then it's yeah guys just it's very negative until 136 and 80 cents any rebound if it comes it's not a full bullish place just a little bit of a rebound in the downtrend and right now I'm not seeing any structural consolidation to the upside structure is still to the downside on AMD so yeah really losing its team here smci so smci trying to hold above well I don't think anymore it's in the post Market 664 oh still above 200 days moving average guys this is the last line of defense for smci if any reaction has to change here uh still in the downtrend if 200 days moving average has to hold we need to get above 69261 cents then only some rebound may continue otherwise no and then only until the next level and level above because technically we're in the downtrend so it's just going to be rebounce if these levels break to the upside otherwise now this losing 200 days moving average is a next move to the downside on this thing negative structure on this as well arm still in the bearish play with arm actually guys I want to point you to this 200 days moving average coming from below this green line a little bit and the blue box I talk to you guys today that if any little bit of a rebound has to come watch this blue box we got very little rebound down there very insignificant but what I want to point your attention to is is this trajectory on this thing on arm sorta so very close to 200 days moving average down there that green line um yeah so just keep this in mind we'll see what happens if it tries to bounce there but right now there's no structure of Bounce though it's still in the downtrend lower highs lower lows right and there's no structure to the upside we have this now overhead resistance any bounce until 126 is just a rebound it's not bullish it's just structur still to the downside on this thing so we'll see where it finds consolidation if it any and if it gets above 126 then some intraday rebound may continue to the upside otherwise now and then there's one more intraday rebound that may come if it get above 12140 cents but that will be only until 126 area and then we'll see if that turns into consolidation right now I'm not seeing any consolidation nothing it's just negative structure right now it's downtrending structure so it may just continue lower but again these are the times to take the profits Guys these are not the time to start a new position these are the times to take the short place that we had to take the pro profits here all right and I'm just still providing you the intraday play that could be taken broadcom so broadcom unfortunately we couldn't hold Above This level 156 and 51 cents we lost that it plummeted negative structure yeah that was the short play on this below that level structure is negative on this guys nothing more to say one 144 if we lose that then we are coming down to this 129 area Micron Micron looks like it finally lost almost about to lose 200 days moving average I think in the post Market it already did $99 yep lost 20 days sorry 200 days moving average very negative structure very simple play on this though if it can get above 200 days moving average tomorrow some rebound can be played below this it's just going to you know it's a negative structure again these are the times to take profits time to take the short play was up here take profits down here and at this point in these extensions technically structure is still bearish size in size out the position that's the way to trade if we stay below 10186 cents and below 200 days moving average it will continue lower if we get above 10186 cents with 200 days moving average some rebound is a possibility but not above 105 that would be the only structure play to the upside that's all
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