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NASDAQ Technical Analysis 13 June 2018

2018-06-13 12:46 am | Resource: Technical Analysis | No Views : 87

Time frame Used - four hours
The NASDAQ 100 is moving in a bullish direction in the near term
NASDAQ100 CHART
The Nasdaq 100 is still facing resistance around level of 7183, but it is still above the main and minor uptrend line
In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
Accordingly, we expect that  the NASDAQ 100 will  breach level of 7183 targeting levels of 7315-7618
The alternative scenario is that the NASDAQ 100 will drop to level of  7080 again
  Resistance: 7183 - 7315 - 7618
Support: 7080 - 6960 - 6820
Direction: Up
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