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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 15 March 2019

2019-03-15 08:58 am | Resource: Technical Analysis | No Views : 173

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 reach the level of 7290 where 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 level of  7347, and this scenario fails in the case of instability above level of  7158.
The alternative scenario is that the NASDAQ 100 dropped to the 7158-7067 levels.
  Resistance: 7290 - 7347 - 7375
Support: 7158 - 7067 - 6935
Direction: Up
 Technical Analysis
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