NAS100 NDX Technical Analysis: The Nasdaq Index is trading in a weak bullish trend today, as it recorded its highest price so far at 20666 and the lowest price at 20529, and is currently trading at 20555.
NAS100 NDX Technical Analysis Technical Analysis:
Prices are trading above the moving averages’ intersections, which supports the current bullish trend. However, the strength of this trend appears weak, as the MACD indicator reflects a positive trend, but also indicates a lack of strong momentum behind the movement.
Expectations:
Despite the bullish trend, the weak momentum may reflect the possibility of a price decline or sideways movement in the near term. It is important to follow the key levels, as the trend can be affected by a range of economic factors and upcoming news.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 20606 | 20475 |
| Target Point 1 (TP1) | First resistance: 20676 | First support: 20432 |
| Target Point 2 (TP2) | Second resistance: 20740 | Second support: 20400 |
| Stop Loss (SL) | 20475 | 20606 |
The Nasdaq remains in a weak uptrend with signs of weakening momentum. Traders should follow technical movements and economic news to assess the overall trend and identify suitable trading opportunities.
