Nasdaq 100 and key tech stocks testing 200-day moving averages, potential buy-the-dip zone

From Investing.com: 2025-03-06 06:12:00

US index futures were trading lower in the mid-morning London session after an impressive bounce yesterday. European indices turned red after Germany’s spending plans optimism faded. Marvell Technology’s disappointing revenue outlook dampened enthusiasm in AI chipmakers like Broadcom. Nasdaq 100 and S&P 500 are testing their 200-day moving averages along with key tech names like Amazon, Oracle, Tesla, and MicroStrategy. The Nasdaq 100 futures chart shows important technical and psychological areas, with the index potentially entering a buy-the-dip zone for bullish traders.

Amazon, Oracle, Tesla, and MicroStrategy are also testing their 200-day moving averages. Amazon found strong buying at key support levels, Oracle is set to report earnings on March 10, MicroStrategy bounced off its 200 MA within a support area, and Tesla is watching a key support level around 260-280. Investors are waiting to see if a bullish reversal emerges for these stocks and the Nasdaq overall.



Read more at Investing.com: Nasdaq 100: Will Dip-Buyers Step in to to Halt This Short-Term Bearish Reversal?