NAS100 NDX Technical Analysis: The Nasdaq index is trading in a bearish trend within a sideways range, as it recorded a trading high of 20342 and a low of 20219, while it is currently trading at 20318.
NAS100 NDX Technical Analysis: Technical Analysis:
The current price action shows that the index is trading above the moving averages, reflecting the weakness of the downward trend. This signal indicates the presence of potential support that enhances the chances of regaining the upward momentum.
On the other hand, the MACD indicator shows a slight negative trend, but this trend is weak due to the continuous fluctuation in prices between rising and falling within the sideways range.
Trading Expectations:
If the index continues to stabilize above the 20219 level, we may witness an opportunity for recovery and a rise towards higher levels. Traders should follow market developments and any economic factors that affect the price movement.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 20370 | 20276 |
| Target Point 1 (TP1) | First resistance: 20398 | First support: 20233 |
| Target Point 2 (TP2) | Second resistance: 20430 | Second support: 20190 |
| Stop Loss (SL) | 20276 | 20370 |
Nasdaq analysis indicates a weakening downtrend with a potential for positive momentum to resume. Investors are advised to remain vigilant to spot opportunities in the coming sessions.
