The market is demonstrating on the back of the negative dynamics in the telecommunication, utilities and consumer goods sectors. The NASDAQ Composite Index rose 0.87%.
Nasdaq 100, H4
Pivot: 14035.00
Analysis:
Provided that the index is traded above 13920.00, follow the recommendations below:
- Time frame: H4
- Recommendation: long position
- Entry point: 14035.00
- Take Profit 1: 14150.00
- Take Profit 2: 14210.00
Alternative scenario:
In case of breakdown of the level 13920.00, follow the recommendations below:
- Time frame: H4
- Recommendation: short position
- Entry point: 13920.00
- Take Profit 1: 13845.00
- Take Profit 2: 13715.00
Comment:
RSI indicates an uptrend during the day.
Key levels:
Resistance ---- Support
14350.00 ------ 13920.00
14210.00 ------ 13845.00
14150.00 ------ 13715.00
Nasdaq 100, D1
Pivot: 13930.00
Analysis:
Provided that the index is traded above 13300.00, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 13930.00
- Take Profit 1: 14220.00
- Take Profit 2: 14560.00
Alternative scenario:
In case of breakdown of the level 13300.00, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 13300.00
- Take Profit 1: 12620.00
- Take Profit 2: 12200.00
Comment:
RSI is bullish and indicates further increase.
Key levels:
Resistance ---- Support
14650.00 ------ 13300.00
14560.00 ------ 12620.00
14220.00 ------ 12200.00
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