US 100 Cash CFDLong
Technical Analysis of Nasdaq 100: Key Support Holds as Bulls
The Nasdaq 100 (NAS100) is currently trading at 21,100, with a target price of 23,000, suggesting a bullish outlook and a potential rise of 1,900 points. The price is holding above a key trendline, which acts as a strong support level. This trendline's role is significant, as the recent bounce from this support confirms its reliability. The pattern indicates that the index may continue its upward trajectory if no major resistance levels hinder its movement. Such a setup suggests the market sentiment remains positive. A break above intermediate resistance levels could accelerate the rally. However, traders must remain cautious of external factors like earnings reports or Federal Reserve policy updates that might affect momentum. Proper risk management is essential to navigate potential volatility.
Join our Forex Community Telegram group and connect with thousands of traders, experts, and mentors who will guide you to trading success!
Hit the Link below
👇👇👇
t.me/AndrewsMarketMasteryBot
Hit the Link below
👇👇👇
t.me/AndrewsMarketMasteryBot
Join our Forex Community Telegram group and connect with thousands of traders, experts, and mentors who will guide you to trading success!
Hit the Link below
👇👇👇
t.me/AndrewsMarketMasteryBot
Hit the Link below
👇👇👇
t.me/AndrewsMarketMasteryBot
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.