Select a category
![](https://i0.wp.com/instablog9ja.com/wp-content/uploads/2024/08/IMG_4095.jpeg?fit=1038%2C543&ssl=1)
Nigerians has reacted to a picture of Seyi Tinubu at the swearing-in ceremony of Justice Kekere-Ekun as the acting Chief Justice of Nigeria.
They asked what is Seyi Tinubu doing at the back of Femi Gbajabiamila at swearing-in ceremony of the CJN, or do we now have the Office of The First Son, Federal Government of Nigeria?
![](https://www.investopedia.com/thmb/1fbCiE1KZ70KfJCSQBJbjicgsfo=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2110547809-9caeff3007e94633b68c732d3ab3397f.jpg)
American depositary receipts (ADRs) of Chinese e-commerce company PDD Holdings (PDD) are plunging in premarket trading Monday after the parent of discount marketplace Temu reported second-quarter sales of 97.06 billion yuan ($13.63 billion), below consensus estimates of analysts polled by Visible Alpha.
"While encouraged by the solid progress we made in the past few quarters, we see many challenges ahead," PDD chairman and co-CEO Lei Chen said.
"Looking ahead, revenue growth will inevitably face pressure due to intensified competition and external challenges," PDD vice president of finance Jun Liu said. "Profitability will also likely to be impacted as we continue to invest resolutely."
Rival Alibaba (BABA) also reported quarterly earnings that missed analysts' estimates earlier this month as the online retailers struggle with a weak Chinese economy and amid reports that Amazon (AMZN) has begun pitching Chinese suppliers on a new section of its website that would sell low-cost clothes and home goods to U.S. consumers directly from China.
PDD ADRs plummeted about 17% at $115.88 an hour before the opening bell Monday. They had fallen 4% on the year through Friday's close.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
![](artpic/6236IMG-20240825-WA0016.jpg)
![](https://9jacelebrity.com.ng/wp-content/uploads/2024/08/IMG-20240825-WA0016.jpg)
TESA Petitions INEC Over Alleged Compromise of Electoral Officers in Edo State
![](https://9jacelebrity.com.ng/wp-content/uploads/2024/08/IMG-20240825-WA0016.jpg)
![](https://9jacelebrity.com.ng/wp-content/uploads/2024/08/IMG-20240826-WA0032.jpg)
![](https://9jacelebrity.com.ng/wp-content/uploads/2024/08/IMG-20240826-WA0033.jpg)
Nvidia (NVDA) shares are in focus this week as the artificial intelligence (AI) favorite prepares to release its highly anticipated earnings report for its fiscal 2025 second quarter on Wednesday. Investors will be looking out for sustained growth in the chipmaker’s data center segment and updates about its next-generation Blackwell chips following reported delays.
The AI darling’s shares, which have surged around 43% from their August low, have been bolstered in recent weeks by bullish Wall Street coverage and growing earnings forecasts. The company, which has blown past expectations for both revenue and earnings in recent quarters, is under pressure to deliver another blockbuster quarterly report.
Below, we’ll take a closer look at Nvidia’s chart and use technical analysis to identify important price levels to watch out for amid the AI behemoth's looming quarterly results.
Since staging an intraday reversal in early August to mark the end of a 26% correction from their record closing high, Nvidia shares have recovered the lion’s share of those losses. The price recently consolidated within a rectangle formation, indicating a continuation of the chipmaker’s move higher.
However, it’s worth noting that trading volumes remain below longer-term averages during the stock’s resurgence, pointing to possible apprehension by institutional investors ahead of the company’s quarterly results.
The stock gained 4.6% on Friday to close at $129.37.
Amid the potential for earnings-driven volatility in Nvidia shares this week, investors should eye these key support and resistance levels.
A breakdown below the rectangle pattern could see the shares initially test the $116 level, an area on the chart in close vicinity to the 50-day moving average where buyers could look for entry points near a horizontal trendline connecting a series of similar trading levels between May and July.
A deeper post-earnings retracement could spark a fall to $97, where the shares would likely attract significant support from two prominent price peaks that formed on the chart during March. This region also sits just a little above the stock’s correction low recorded during the early August broad-based market sell-off.
Upon an upside breakout of the rectangle formation, the shares may encounter resistance around $136, where they could find investors willing to lock in profits near the June 18 record close, a level that also aligns with the stock’s July peak.
To forecast a potential resistance area above Nvidia's all-time high (ATH), we can use the measuring principle. To do this, we calculate the distance of the trending move that preceded the rectangle and add that amount to the formation's breakout point. In this case, we add $39 to $131, which projects a target of $170, a location where the shares may run into selling pressure.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]
Read more on Investopedia
![](https://i0.wp.com/instablog9ja.com/wp-content/uploads/2024/08/IMG_4069.jpeg?fit=1038%2C543&ssl=1)
A dentist has revealed that dating a first born daughter is by far one of the best decisions you can make as a man.
He said dating a first born daughter is by far one of the best decisions you can make as a man.
![](https://i0.wp.com/instablog9ja.com/wp-content/uploads/2024/08/IMG_4065.jpeg?fit=1038%2C543&ssl=1)
A man has shared his amazing seven-year transformation experience.
The man who really has not changed but has only grown older
Click to watch
![Loading...](Images/perfect.gif)