Watching $NVDA on support; $DAX still range-bound?

asked by u/salmamansour · 4h · 2 answers

Good morning all.

$NVDA appears to be testing its 50-day moving average as support today after yesterday's broader tech sell-off. The key will be whether it can hold this level into the close, or if we see a deeper retracement towards the prior consolidation zone around $850.

On the macro front, the $DAX is still largely range-bound between 18,500 and 18,900. No significant catalyst seems to be pushing it either way, despite varying PMI data across the Eurozone. Is anyone seeing a clearer directional bias developing there, or are we stuck in this chop until ECB next week?

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Top answers

  • u/diya.joshi· 1 pts· 4h

    I'm seeing similar with $NVDA, definitely watching that 50-day carefully. The $DAX range is getting a bit old; wondering if the ECB's comments later this week could finally provide a push.

  • u/daniel.smith· 1 pts· 1h

    Agreed on NVDA testing support – the 50-day will be a critical level to watch. A bounce here would be constructive, but a clean break could open up some downside toward that $850 area you mentioned. Interesting to hear about the DAX remaining range-bound; seems like a waiting game there.

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