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Need 4 Speed Read - ASX Report - 18/11/22

ASX trading

G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst! 

For real-time up-to-date data/news/research/ideas/strategies, check out our insights panel on the CMC Markets Invest platform and follow us on Twitter: 

Azeem Sheriff - @Azeem__Sheriff 
Tina Teng - @Tinateng_CMC
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CMC Markets Canada - @CMCMarkets_CA

Trading Idea of the Day

NASDAQ:NVDA - NVIDIA Corp - BULLISH BIAS (long term) - BEARISH BIAS (short term)

  • Key levels on the chart - consider taking trades from key support/resistance zones.
  • Technically, price is near a key support zone, near 200 EMA.
  • NVIDIA partners with Microsoft. They plan to build one of the most powerful AI supercomputers in the world.
  • It will be powered by:  Microsoft Azure's infrastructure. NVIDIA GPUs and full stack of AI software.
  • The goal is to help train, deploy and scale AI.
  • However, price is still playing within this key channel, until and unless price breaks this channel, then can look for potential long opportunities, otherwise trend is your friend, for the time being.

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)

OPTO For Investors Research

Article of the Day: A guide to investing in solar

Podcast of the Day: Investment educator Brian Feroldi’s three principles for long-term investing

APAC Daily Report

Click here to access our daily APAC report, prepared by my fellow market analyst @TinaTeng_CMC

Market Snapshot & Highlights as of 8:00am AEDT

EXPECTATIONS: Energy LOWER (lower oil prices) & Materials LOWER on overall lower commodity metal prices.

Global Markets Headlines

(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)

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