country flagالعربية
0

NASDAQ Technical Analysis 15 May 2018

2018-05-15 05:39 am | Resource: Technical Analysis | No Views : 44

Time frame Used - four hours
The NASDAQ 100 is moving in a uptrend in the near-term
NASDAQ100 CHART
the Purchasing power managed to control the movement of the NASDAQ 100 index to push the NASDAQ index to rebound higher to level of 6967 where it faced selling pressures that pushed it back down
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area and decline to downside
Therefore, we expect that the NASDAQ 100 will retreat in a corrective move down
 To level of 6768
 The alternative scenario is that the NASDAQ 100 breached   to level of 6974 to upside to target levels of 7058 - 7147
 Resistance: 6974 - 7058 - 7147
Support: 6927 - 6860 - 6765
Direction: Up
Technical Analysis
Stocks and indices Analysis
Bitcoin News


Other news

Dow Jones falls more than 300 points, oil and construction sectors advance losses

Stocks in the United States fell sharply on Wednesday as the Dow fell more than 250 points as the spat between the United States and Turkey remained the focus. Earlier, Turkey announced it would raise tariffs on US goods, including tobacco, cars and alcohol, and vowed to boycott electronic products and construction in the United States. The decision came in response to Washington's double import tariff on Turkish steel and…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.