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NASDAQ Technical Analysis 11 July 2018

2018-07-11 05:40 am | Resource: Technical Analysis | No Views : 95

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 to penetrate the resistance level around the levels of 7100 - 7130 to reach the level of 7315 Where the NASDAQ faced resistance and selling pressure pushed to return to the level of 7255 forming a positive candlesticks pattern
In view of the technical indicators
Both the RSI and the Stochastic are indicating to no signals
Therefore we expect that  the NASDAQ 100 will  test levels of  7315 -7333
The alternative scenario is that the NASDAQ 100 retreat to  levels of  7201 – 7130
  Resistance: 7315 - 7333 - 7400
Support: 7255 - 7201 - 7130
Direction: Up
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