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NASDAQ Technical Analysis 9 July 2018

2018-07-09 05:37 am | Resource: Technical Analysis | No Views : 77

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 to penetrate the resistance level around the levels of 7100 - 7130 to reach the level of 7201 trying to penetrate to the upside
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area
Therefore we expect that  the NASDAQ 100 will  drop to levels of  7130 - 7100 again
The alternative scenario is that the NASDAQ 100 breach level of  7201 higher to target levels of 7250 - 7333
  Resistance: 7201 - 7333 - 7400
Support: 7100 - 6975 - 6880
Direction: Up
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