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Nasdaq Composite Technical Analysis

On the daily chart below for the Nasdaq, we can see that the price action is tentative trading into the key resistance at 12274. The sellers are likely waiting there, ready to defend the level with little risk above and big reward in case the market resumes the main bearish trend. The moving averages are acting as support for the buyers at the moment and keep the bullish trend intact. The breakout of the bullish flag might ultimately lead to an extension to the 13186 resistance but the buyers ne... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Forex

Posted: Apr 17 2023, 11:01

Author Name: forexlive

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