NASDAQ Bearish Trend Persists: Key Levels and Targets for Today

24 juin 2024

Technical Analysis: Price Reversal in Focus

After reaching an all-time high, the price has now reversed, setting its sights on the 19100 level this week.

• Today's Outlook:
  The bearish trend is expected to continue as long as the price remains below 19850, potentially targeting 19520.
  
  
  
• Bearish Scenario:
  As long as the price trades below 19850, the bearish trend is likely to persist, with targets at 19625 and 19520, supported by strong bearish volume.
  
  
• Bullish Scenario:
  For a bullish reversal, the price needs to rise above 19960, aiming for targets of 20100 and 20250.
  
  
• Key Levels:
  - Pivot Line: 19840
  - Resistance Levels: 19960, 20090, 20150
  - Support Levels: 19630, 19525, 19230
  
  
• Today's Expected Range:
  The price is anticipated to fluctuate between the support at 19520 and the resistance at 19960, with a downward trend expected for today.
  

26 juin 2024

Note

The price dropped and reached the support line and consolidated between 19850 and 19520

So for now, still has the same scenario...