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NASDAQ Technical Analysis 9 january 2019

2019-01-09 10:40 am | Resource: تحليل فني | No Views : 127

Time frame Used - four hours
The NASDAQ 100 is moving in a bullish direction in the near term.
The purchasing power managed to control the movement of the NASDAQ 100 index to break the bulls resistance level of 6390 to hit level to 6550
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 NASDAQ100 will target levels of 6638 - 6876, and this scenario fails in the case of instability above level of 6390.
The alternative scenario is that the NASDAQ 100 index violent the 6390 level down and the NASDAQ 100 dropped to level of 6140 again.
 Resistance: 6638 - 6876 - 7000
Support: 6140 - 6030 - 5800
Direction: Up
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