Trading Insights

NASDAQ 100

Tech Oversold at RSI 33, China H200 Chip Demand May Drive Rebound

Can expect turnaround today as markets nearing oversold conditions. Rebound possibly driven by demand for NVDA’s H200 chips from China.

Key Levels: Support at 24,649.30 | Resistance at 25,816.50

Investor Takeaway: RSI at extreme oversold 33 below MA line trending down; MACD shows emerging selling pressures but China H200 demand catalyst plus extreme technical conditions suggest imminent bounce.

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