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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 13 March 2019

2019-03-13 05:23 am | Resource: Technical Analysis | No Views : 144

Time frame Used - four hours
The NASDAQ 100 is moving in a bullish direction in the near term.
NASDAQ100 CHART
the Purchasing power managed to control the movement of the NASDAQ 100 index to bounce the NASDAQ 100 index to hit 7222 as it faces some selling pressure around this level.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area.
Accordingly, we expect that the NASDAQ 100 will target the 7330 level, and this scenario fails in the case of instability above level of  7158.
The alternative scenario is that the NASDAQ 100 will fall to level of  7067.
  Resistance: 7222 - 7347 - 7375
Support: 7158 - 7067 - 6935
Direction: Up
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