NASDAQ: 12060 - 12160 OR 11600 - 11300 Where Next..?
Strong Rally in NASDAQ is approaching caution and Supply zone which may be vulnerable point in the event of any profit booking near highs.
We may see a Breakout above descending Trendline which takes the tech index to reach 11960 - 12060 & 12160 amidst extended volatility.
As Stochastics on 4 Hour Time Frame is reaching Overbought Zone, We may see prices failing the Break out and selling pressure may trigger
a sell off pushing prices down towards 11820 - 11720 followed by 11650
If Selling intensifies, Nasdaq can drop below 11590 and test 11450 which is an important support before next leg deeper 11268 and 11060
We may see a Breakout above descending Trendline which takes the tech index to reach 11960 - 12060 & 12160 amidst extended volatility.
As Stochastics on 4 Hour Time Frame is reaching Overbought Zone, We may see prices failing the Break out and selling pressure may trigger
a sell off pushing prices down towards 11820 - 11720 followed by 11650
If Selling intensifies, Nasdaq can drop below 11590 and test 11450 which is an important support before next leg deeper 11268 and 11060
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.