<p>更廣泛的股票指數繼續下跌，具體如下：</p>
<ul>
<li>標普指數下跌 70 點，跌幅為-1.03%。</li>
<li>納斯達克指數下跌 350 點，跌幅為-1.52%。</li>
<li>道瓊斯工業平均指數下跌 200 點，跌幅為-0.41%。</li>
<li>羅素 2000 指數當天下跌 1%。</li>
</ul>
<h3>博通的股票自上週四公佈財報以來持續下跌。</h3>
<h3>關鍵技術要點</h3>
<ul>
<li>重大下跌：博通的股票暴跌 4.92%，至 324.49 美元，突破了關鍵支撐位。</li>
<li>熊市確認：該股票目前較財報前的高點 414.61 美元下跌 21.7%，正式進入修正區間。</li>
<li>移動平均線失效：價格已跌破關鍵的 100 日移動平均線 340.98 美元，該水平現在轉為阻力位。</li>
<li>下一個支撐目標：賣方將 38.2% 的斐波那契回撤位 308.98 美元視為下一個主要下行目標。</li>
</ul>
<h3>賣壓加劇：自九月以來的最低水平</h3>
<p>博通的股票繼續承受強烈的賣壓，今天股價下跌 <strong>16.80 美元（-4.92%）</strong>，交易價格為 <strong>324.49 美元</strong>。</p>
<p>這一走勢標誌着技術面顯著惡化，價格已跌至自九月財報以來的最低水平。在那次財報發佈時，價格曾從 <strong>每股 306 美元</strong> 大幅上漲。今天的下跌幾乎填補了這一缺口，抹去了數月的漲幅。</p>
<p>賣壓的強度通過突破 <strong>10 月 10 日的低點 324.05 美元</strong> 得以體現，今天的盤中價格最低曾觸及 <strong>321.42 美元</strong>。</p>
<h3>趨勢：從高峰到修正</h3>
<p>反轉幅度非常劇烈。自上次財報發佈前一天達到 <strong>414.61 美元</strong> 的高點以來，博通股價已下跌 <strong>21.7%</strong> 至當前水平。</p>
<p>從技術角度來看，今天的損害加劇，當價格直接跌破位於 <strong>340.98 美元</strong> 的 100 日移動平均線時。收盤低於該移動平均線是一個看跌信號，表明動能已明顯轉向賣方。</p>
<h3>接下來會怎樣？斐波那契目標</h3>
<p>隨着 100 日移動平均線已在後視鏡中，交易者正在尋找更低的支撐位。</p>
<p>下一個主要技術支撐位位於從四月低點（138.10 美元）到近期高點的 <strong>38.2% 斐波那契回撤位</strong>，該計算得出的關鍵支撐目標為 <strong>308.98 美元</strong>。</p>
<h3>看漲的要求</h3>
<p>為了讓買方重新獲得底部形成的信心，他們還有大量工作要做。第一步是重新奪回破裂的 <strong>100 日移動平均線 340.98 美元</strong>。在價格能夠回到並保持在該水平之上之前，最小阻力路徑仍然是向下。200 日移動平均線為 282.12 美元，八月份的低點水平也在附近。</p>
<p>儘管出現了急劇下跌，價格仍然比年初上漲近 40%。</p>
<p>-----------------------------------------------------------------------------------------------------------------------------------------------------------</p>
<h3>甲骨文的股票目前已從高峰下跌近 50%</h3>
<h3>關鍵技術要點</h3>
<ul>
<li>大幅修正：甲骨文的股票自九月創下的 345.72 美元歷史高點以來已下跌約 48%。</li>
<li>刺激因素：拋售始於 9 月 9/10 日基礎設施交易公告後，投資者現在擔心這將帶來不可持續的債務負擔。</li>
<li>數月以來的最低水平：當前股價為 178.79 美元，處於自 6 月中旬以來的最低估值。</li>
<li>關鍵支撐：價格迅速接近 6 月 11 日的收盤水平 166.64 美元，該水平作為下行的主要參考。</li>
<li>年初至今的背景：儘管出現崩盤，股票年初至今仍上漲 7.4%，突顯出之前反彈的極度 “超買” 特性。</li>
</ul>
<h3>從繁榮到蕭條：債務後遺症</h3>
<p>甲骨文的股票正在經歷嚴重的重新定價，目前股價約下跌 <strong>48%</strong>，自歷史高點以來。</p>
<p>激烈的拋售追溯到 <strong>9 月 10 日</strong>，當天股價達到 <strong>345.72 美元</strong> 的高點。該高點是在 9 月 9 日收盤後宣佈重大基礎設施交易後形成的。雖然最初受到歡迎，但敍述發生了戲劇性的轉變。市場現在專注於為融資這一大規模建設所需的 <strong>鉅額債務負擔</strong>，導致股票自此以來持續急劇下跌。</p>
<h3>技術性下跌：接近 6 月低點</h3>
<p>賣壓已將甲骨文推至六個月以來的最低水平。</p>
<ul>
<li>當前價格：股票目前交易約為 178.79 美元。</li>
<li>危險區：這一估值使價格接近 6 月 11 日的水平，當時股價收於 166.64 美元。</li>
</ul>
<p>交易者將密切關注 166.64 美元的水平。如果 178.79 美元的支撐位未能守住，那麼 6 月的收盤價將成為主要技術支撐位。</p>
<h3>現實檢查：年初至今仍為正</h3>
<p>或許這一波動性最具説明性的統計數據是年初至今的表現。即使在從高點下跌近 50% 之後，甲骨文的股票_仍然_比年初上漲 <strong>7.4%</strong>。</p>
<p>這一統計數據清楚地提醒我們，在反彈至九月高點期間，股票是多麼的超伸和超買。當前的走勢不僅是對新聞的反應，而是對擁擠的動量交易的劇烈解構。</p>

甲骨文

<p>更廣泛的股票指數繼續下跌，標準普爾 500 指數下跌 1.03%，納斯達克下跌 1.52%，道瓊斯工業平均指數下跌 0.41%，羅素 2000 指數下跌 1%。博通的股價暴跌 4.92%，至 324.49 美元，突破了關鍵支撐位，進入了修正區間。甲骨文的股價從高峰下跌了約 48%，因對基礎設施交易債務的擔憂，目前交易價格為 178.79 美元。儘管出現這些下跌，這兩隻股票今年仍然上漲</p>

<p>The broader stock indices are continuing their tumble with the:</p>
<div class="lb-trans"><p>更廣泛的股票指數繼續下跌，具體如下：</p>
</div><ul>
<li>S&amp;P index -70 points or -1.03%.</li>
<li>NASDAQ index -350 points or -1.52%.</li>
<li>Dow industrial average is down -200 points at -0.41%.</li>
<li>Russell 2000 is down 1% on the day</li>
</ul>
<div class="lb-trans"><ul>
<li>標普指數下跌 70 點，跌幅為-1.03%。</li>
<li>納斯達克指數下跌 350 點，跌幅為-1.52%。</li>
<li>道瓊斯工業平均指數下跌 200 點，跌幅為-0.41%。</li>
<li>羅素 2000 指數當天下跌 1%。</li>
</ul>
</div><h3>Shares of Broadcom are continuing their run to the downside since announcing earnings on Thursday of last week.</h3>
<div class="lb-trans"><h3>博通的股票自上週四公佈財報以來持續下跌。</h3>
</div><h3>Key Technical Takeaways</h3>
<div class="lb-trans"><h3>關鍵技術要點</h3>
</div><ul>
<li>Major Breakdown: Broadcom shares have plunged -4.92% to $324.49, breaking key support levels.</li>
<li>Bear Market Confirmed: The stock is now down 21.7% from its pre-earnings peak of $414.61, officially entering correction territory.</li>
<li>Moving Average Failure: The price has sliced through the critical 100-day moving average at $340.98, which now turns into resistance.</li>
<li>Next Support Target: Sellers are eyeing the 38.2% Fibonacci retracement level at $308.98 as the next major downside objective.</li>
</ul>
<div class="lb-trans"><ul>
<li>重大下跌：博通的股票暴跌 4.92%，至 324.49 美元，突破了關鍵支撐位。</li>
<li>熊市確認：該股票目前較財報前的高點 414.61 美元下跌 21.7%，正式進入修正區間。</li>
<li>移動平均線失效：價格已跌破關鍵的 100 日移動平均線 340.98 美元，該水平現在轉為阻力位。</li>
<li>下一個支撐目標：賣方將 38.2% 的斐波那契回撤位 308.98 美元視為下一個主要下行目標。</li>
</ul>
</div><h3>Selling Pressure Accelerates: Lowest Levels Since September</h3>
<div class="lb-trans"><h3>賣壓加劇：自九月以來的最低水平</h3>
</div><p>Broadcom shares continue to come under intense selling pressure, with the stock shedding <strong>-$16.80 (-4.92%)</strong> today to trade at <strong>$324.49</strong>.</p>
<div class="lb-trans"><p>博通的股票繼續承受強烈的賣壓，今天股價下跌 <strong>16.80 美元（-4.92%）</strong>，交易價格為 <strong>324.49 美元</strong>。</p>
</div><p>This move marks a significant deterioration in the technical picture, as the price has fallen to its lowest level since the earnings report in September. During that earnings event, the price had gapped higher from <strong>$306 per share</strong>. Today’s decline has nearly filled that gap, wiping out months of gains.</p>
<div class="lb-trans"><p>這一走勢標誌着技術面顯著惡化，價格已跌至自九月財報以來的最低水平。在那次財報發佈時，價格曾從 <strong>每股 306 美元</strong> 大幅上漲。今天的下跌幾乎填補了這一缺口，抹去了數月的漲幅。</p>
</div><p>The selling intensity is highlighted by the breach of the <strong>October 10 swing low at $324.05</strong>, with today's intraday price stretching as low as <strong>$321.42</strong>.</p>
<div class="lb-trans"><p>賣壓的強度通過突破 <strong>10 月 10 日的低點 324.05 美元</strong> 得以體現，今天的盤中價格最低曾觸及 <strong>321.42 美元</strong>。</p>
</div><h3>The Trend: From Peak to Correction</h3>
<div class="lb-trans"><h3>趨勢：從高峰到修正</h3>
</div><p>The reversal has been sharp. Since hitting a peak of <strong>$414.61</strong> the day before its last earnings announcement, Broadcom has tumbled <strong>21.7%</strong> to current levels.</p>
<div class="lb-trans"><p>反轉幅度非常劇烈。自上次財報發佈前一天達到 <strong>414.61 美元</strong> 的高點以來，博通股價已下跌 <strong>21.7%</strong> 至當前水平。</p>
</div><p>From a technical standpoint, the damage was compounded today when the price ran straight through the <strong>100-day moving average</strong>, located at <strong>$340.98</strong>. A close below this moving average is a bearish signal, suggesting that momentum has firmly shifted to the sellers.</p>
<div class="lb-trans"><p>從技術角度來看，今天的損害加劇，當價格直接跌破位於 <strong>340.98 美元</strong> 的 100 日移動平均線時。收盤低於該移動平均線是一個看跌信號，表明動能已明顯轉向賣方。</p>
</div><h3>What’s Next? The Fibonacci Target</h3>
<div class="lb-trans"><h3>接下來會怎樣？斐波那契目標</h3>
</div><p>With the 100-day moving average now in the rearview mirror, traders are looking lower for support.</p>
<div class="lb-trans"><p>隨着 100 日移動平均線已在後視鏡中，交易者正在尋找更低的支撐位。</p>
</div><p>The next major technical floor comes in at the <strong>38.2% Fibonacci retracement</strong> of the major move up from the April low ($138.10) to the recent highs. That calculation yields a key support target at <strong>$308.98</strong>.</p>
<div class="lb-trans"><p>下一個主要技術支撐位位於從四月低點（138.10 美元）到近期高點的 <strong>38.2% 斐波那契回撤位</strong>，該計算得出的關鍵支撐目標為 <strong>308.98 美元</strong>。</p>
</div><h3>The Bullish Requirement</h3>
<div class="lb-trans"><h3>看漲的要求</h3>
</div><p>For buyers to regain any confidence that a bottom is in place, they have significant work to do. The first step would be reclaiming the broken <strong>100-day moving average at $340.98</strong>. Until price can get back—and stay—above that level, the path of least resistance remains to the downside. The 200 day moving average comes in at $282.12. There is also near swing low levels from the month of August. The</p>
<div class="lb-trans"><p>為了讓買方重新獲得底部形成的信心，他們還有大量工作要做。第一步是重新奪回破裂的 <strong>100 日移動平均線 340.98 美元</strong>。在價格能夠回到並保持在該水平之上之前，最小阻力路徑仍然是向下。200 日移動平均線為 282.12 美元，八月份的低點水平也在附近。</p>
</div><p>Despite the sharp decline, the price is still up close to 40% for the year.</p>
<div class="lb-trans"><p>儘管出現了急劇下跌，價格仍然比年初上漲近 40%。</p>
</div><p>-----------------------------------------------------------------------------------------------------------------------------------------------------------</p>
<div class="lb-trans"><p>-----------------------------------------------------------------------------------------------------------------------------------------------------------</p>
</div><h3>Oracle shares are now down close to 50% from its peak</h3>
<div class="lb-trans"><h3>甲骨文的股票目前已從高峰下跌近 50%</h3>
</div><h3>Key Technical Takeaways</h3>
<div class="lb-trans"><h3>關鍵技術要點</h3>
</div><ul>
<li>Massive Correction: Oracle shares have collapsed roughly 48% from the all-time high of $345.72 reached in September.</li>
<li>The Catalyst: The sell-off began after the September 9/10 infrastructure deal announcements, which investors now fear carry an unsustainable debt burden.</li>
<li>Lowest Level in Months: At $178.79, the stock is trading at its lowest valuation since mid-June.</li>
<li>Critical Support: The price is fast approaching the June 11 closing level of $166.64, which serves as the next major downside reference.</li>
<li>YTD Context: Despite the crash, the stock remains up 7.4% on the year, highlighting the extreme &#34;overbought&#34; nature of the prior rally.</li>
</ul>
<div class="lb-trans"><ul>
<li>大幅修正：甲骨文的股票自九月創下的 345.72 美元歷史高點以來已下跌約 48%。</li>
<li>刺激因素：拋售始於 9 月 9/10 日基礎設施交易公告後，投資者現在擔心這將帶來不可持續的債務負擔。</li>
<li>數月以來的最低水平：當前股價為 178.79 美元，處於自 6 月中旬以來的最低估值。</li>
<li>關鍵支撐：價格迅速接近 6 月 11 日的收盤水平 166.64 美元，該水平作為下行的主要參考。</li>
<li>年初至今的背景：儘管出現崩盤，股票年初至今仍上漲 7.4%，突顯出之前反彈的極度 “超買” 特性。</li>
</ul>
</div><h3>From Boom to Bust: The Debt Hangover</h3>
<div class="lb-trans"><h3>從繁榮到蕭條：債務後遺症</h3>
</div><p>Oracle shares are undergoing a severe repricing, with the stock currently down approximately <strong>48%</strong> from its all-time high.</p>
<div class="lb-trans"><p>甲骨文的股票正在經歷嚴重的重新定價，目前股價約下跌 <strong>48%</strong>，自歷史高點以來。</p>
</div><p>The aggressive sell-off traces back to <strong>September 10</strong>, the day the stock peaked at <strong>$345.72</strong>. This peak followed the announcement of major infrastructure deals after the close on September 9. While initially celebrated, the narrative has shifted dramatically. The market is now fixated on the <strong>large debt burden</strong> required to finance this massive buildout, causing the stock to be on a steep, relentless decline ever since.</p>
<div class="lb-trans"><p>激烈的拋售追溯到 <strong>9 月 10 日</strong>，當天股價達到 <strong>345.72 美元</strong> 的高點。該高點是在 9 月 9 日收盤後宣佈重大基礎設施交易後形成的。雖然最初受到歡迎，但敍述發生了戲劇性的轉變。市場現在專注於為融資這一大規模建設所需的 <strong>鉅額債務負擔</strong>，導致股票自此以來持續急劇下跌。</p>
</div><h3>Technical Breakdown: Approaching June Lows</h3>
<div class="lb-trans"><h3>技術性下跌：接近 6 月低點</h3>
</div><p>The selling pressure has pushed Oracle to its lowest levels in six months.</p>
<div class="lb-trans"><p>賣壓已將甲骨文推至六個月以來的最低水平。</p>
</div><ul>
<li>Current Price: The stock is currently trading around $178.79.</li>
<li>The Danger Zone: This valuation brings the price uncomfortably close to the levels seen on June 11, when the share price closed at $166.64.</li>
</ul>
<div class="lb-trans"><ul>
<li>當前價格：股票目前交易約為 178.79 美元。</li>
<li>危險區：這一估值使價格接近 6 月 11 日的水平，當時股價收於 166.64 美元。</li>
</ul>
</div><p>Traders will be watching this $166.64 level closely. If the $178.79 support fails to hold, that June closing price becomes the primary technical floor.</p>
<div class="lb-trans"><p>交易者將密切關注 166.64 美元的水平。如果 178.79 美元的支撐位未能守住，那麼 6 月的收盤價將成為主要技術支撐位。</p>
</div><h3>Reality Check: Still Green on the Year</h3>
<div class="lb-trans"><h3>現實檢查：年初至今仍為正</h3>
</div><p>Perhaps the most telling statistic of this volatility is the Year-to-Date performance. Even after a nearly 50% haircut from the highs, Oracle shares are <em>still</em> higher on the year by <strong>7.4%</strong>.</p>
<div class="lb-trans"><p>或許這一波動性最具説明性的統計數據是年初至今的表現。即使在從高點下跌近 50% 之後，甲骨文的股票_仍然_比年初上漲 <strong>7.4%</strong>。</p>
</div><p>This statistic serves as a stark reminder of how overextended and overbought the stock became during its run-up to the September highs. The current move is not just a reaction to news, but a violent unwinding of a crowded momentum trade.</p>
<div class="lb-trans"><p>這一統計數據清楚地提醒我們，在反彈至九月高點期間，股票是多麼的超伸和超買。當前的走勢不僅是對新聞的反應，而是對擁擠的動量交易的劇烈解構。</p>
</div>

股票持續下跌