Summary of Analysis As of the latest evaluation, the NASDAQ market is positioned at 21,799. Key resistance levels above this price include 21,918, 22,253, and 22,797. The support levels below this price are 21,374, 20,831, and 19,951. The swing high is noted at 22,143, while the swing low is at 20,282.
Suggested Trades
πΌ Intraday Buy Trade
Entry Price: β¨ 21,374 Stop Loss: β 20,831 Take Profit 1: π― 21,799 Take Profit 2: π― 21,918
π Reason for Entry The price is approaching a key support level at 21,374, indicating a favorable buying opportunity based on technical analysis.
πΌ Intraday Sell Trade
Entry Price: β¨ 21,918 Stop Loss: β 22,253 Take Profit 1: π― 21,500 Take Profit 2: π― 21,374
π Reason for Entry Resistance at 21,918 suggests a potential selling opportunity, with targets set below this level.
Conclusion This analysis provides a concise overview of key levels and trade opportunities for NASDAQ. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!