Nasdaq Continues Uptrend After Retest, Consolidation Expected
Nasdaq Technical Analysis
The price retested its support line yesterday, then resumed its upward movement, continuing the bullish trend. The current momentum suggests further advances toward 18,760 and 18,910, before potentially pulling back as long as trading remains below the pivot zone.
Next Outlook:
The price is expected to consolidate between 18,760 and 18,420 until a breakout occurs.
Bullish Scenario:
Stability above 18,760 will support a bullish trend towards 18,910. A break above 18,910 could extend the rally to 19,100.
Bearish Scenario:
If the price stabilizes below 18,760, it may indicate a downward move, fluctuating between 18,760 and 18,420.
Key Levels:
- Pivot Line: 18,650
- Resistance Levels: 18760, 18910, 19100
- Support Levels: 18420, 18325, 17910
Today's Expected Trading Range:
The price is anticipated to fluctuate between 18,911 and 18,420.
The price retested its support line yesterday, then resumed its upward movement, continuing the bullish trend. The current momentum suggests further advances toward 18,760 and 18,910, before potentially pulling back as long as trading remains below the pivot zone.
Next Outlook:
The price is expected to consolidate between 18,760 and 18,420 until a breakout occurs.
Bullish Scenario:
Stability above 18,760 will support a bullish trend towards 18,910. A break above 18,910 could extend the rally to 19,100.
Bearish Scenario:
If the price stabilizes below 18,760, it may indicate a downward move, fluctuating between 18,760 and 18,420.
Key Levels:
- Pivot Line: 18,650
- Resistance Levels: 18760, 18910, 19100
- Support Levels: 18420, 18325, 17910
Today's Expected Trading Range:
The price is anticipated to fluctuate between 18,911 and 18,420.
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