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NASDAQ Technical Analysis 8 June 2018

2018-06-08 12:25 am | Resource: Technical Analysis | No Views : 101

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 penetrate the level of 7170 - 7183 higher
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 7500
The alternative scenario is that the NASDAQ 100 is down below level of  7170
  Resistance: 7250 - 7350 - 7500
Support: 7170 - 6944 - 6851
Direction: Up
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