NASDAQ recovers & aims for new all-time-highs amidst earnings
The NASDAQ (NDQ/USD) composite index bounces higher off the back of TESLA landing a 100,000 EV order from Hertz.
Moving forward, many big tech companies will be posting their earnings results in the coming days, such as; Apple, Twitter, and Amazon.
Should their results beat expectations then the NASDAQ will likely see fresh highs and a continuation up to channel resistance located around 16,400 index points.
Speculators looking for an entry should wait for a healthy pull back and consolidation to 1st support at 15,200 index points where price must hold.
Alternatively, a break above 1st resistance around 15,750 index points followed by flipping the resistance into support would also be the confirmation needed to enter LONG/BUY positions.
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Moving forward, many big tech companies will be posting their earnings results in the coming days, such as; Apple, Twitter, and Amazon.
Should their results beat expectations then the NASDAQ will likely see fresh highs and a continuation up to channel resistance located around 16,400 index points.
Speculators looking for an entry should wait for a healthy pull back and consolidation to 1st support at 15,200 index points where price must hold.
Alternatively, a break above 1st resistance around 15,750 index points followed by flipping the resistance into support would also be the confirmation needed to enter LONG/BUY positions.
“Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
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