1
SAby u/salmamansour·4hDiscussion

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

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?

2 comments · 1 points

2 Comments

DJu/diya.joshi·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.

1
DSu/daniel.smith·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.

1

More like this