DAX Aktuell – NVIDIA cannot convince with strong figures

NVIDIA – Strong, but not strong enough

There is really nothing to complain about in the figures published after the trading session. The ongoing AI boom is pouring billions of dollars into NVIDIA’s coffers. When it comes to sales and profits, many other companies are likely to be green with envy. But the bar is very high. And despite the more than impressive results, investors were not very enthusiastic. Market participants had expected an even better outlook. Afterwards, NVIDIA shares went downhill after the market closed.

In terms of the charts, too, the storms of enthusiasm are limited. The previous all-time high of USD 149.94 could no longer be overcome. However, this would be a basic requirement for it to be able to move further into higher price regions. Rather, the part of the upward trend, currently at USD 141.34, had to undergo a test several times, which was the best so far. After yesterday’s quarterly results, the support mentioned is coming back into focus. It shouldn’t go below that. Otherwise, there is a risk of a test of the 23.6% Fibonacci retracement at USD 135.99 and the rising exponential 50-day average at USD 134.96.

NVIDIA chart on a daily basis

Ukraine war back on the stock exchange stage

With the deployment of US and British-made ballistic missiles on Russian territory, the escalation spiral has picked up speed again. And suddenly the Ukraine war is an issue again on global markets. Moscow is threatening the West with retaliation. Especially the NATO states that supply Kyiv with such weapons. And this newer reassurance doesn’t come at a good time for the stock markets. Especially for the trading centers in Europe, which are already unsettled as a result of Donald Trump’s election victory and his announced more aggressive economic policies.

Bitcoin – Getting higher and higher

After the election victory of the self-proclaimed crypto president Trump, there is no stopping Bitcoin. It’s not far away from the psychological mark of $100,000. Within a short period of time, the cryptocurrency has literally gone through the roof, much to the delight of investors. However, it is precisely this very strong upward movement that could become a problem. In other words, things were heading north too quickly recently. Therefore, it is not too much of a surprise that Bitcoin is now increasingly ripe for a correction. The price is above the upper Bollinger Band. But the BB %B indicator, which measures the distance between the Bollinger Bands, and the Williams %R oscillator also signal significant overheating. And Bitcoin is known for the fact that it can go down again quickly. Still, it could move towards the stated target of $100,000 in the short term.

Bitcoin chart on a weekly basis