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Nasdaq Composite Technical Analysis

On the daily chart below for the Nasdaq, we can see that the price started to consolidate just below the key 12274 resistance. The moving averages are still crossed to the upside with the red long period moving average acting as support, although the convergence due to the rangebound price action might cause a cross to the downside. After bouncing from the 61.8% Fibonacci retracement level and breaking out of the bullish flag, the rally began to get exhausted as more bearish news started to filt... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Forex

Posted: Apr 24 2023, 10:45

Author Name: forexlive

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