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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 12 April 2019

2019-04-12 02:06 am | Resource: Technical Analysis | No Views : 387

We offer you the analysis of the NASDAQ 100 index on Friday, April 12, 2019 with the most important forecasts for the NASDAQ 100 index in the US market.
Time frame Used - four hours
The NASDAQ 100 is moving in a bullish direction in the near term.
The Nasdaq 100 is still facing resistance and selling pressure around the resistance level of 7602  as the NASDAQ 100 index, which measures US technology companies, closed yesterday's session below 7602 level as the index of technology companies is moving within down channel.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to weakness of the indicators.
Accordingly, we expect that the NASDAQ 100 will test 7636 level, and this scenario fails in the case of instability above level of  7583.
The alternative scenario is that the NASDAQ 100 is retreating to 7510 level .
 Resistance: 7602 - 7636 - 7700
Support: 7583 - 7510 - 7422
Direction: Up
 Technical Analysis
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