Technical Analysis of Daily Price Movement of Nasdaq 100 Index, Tuesday April 04 2023.
April 4, 2023 6:25 am
On the daily chart, Nasdaq 100 looks dominate by the buyer. This was marked by the 20 Moving Average intersection which is above its 200 Moving Average followed by the condition of Stochastic Oscillator indicator above level 80 which means that the quite Bulls condition is happening on #NDX, so that in a few days ahead, as long as there is no downward correction beyond the level of 12187.5 then #NDX has the potential to continue its bullish movement to the level of 13720.3.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the daily chart, Nasdaq 100 looks dominate by the buyer. This was marked by the 20 Moving Average intersection which is above its 200 Moving Average followed by the condition of Stochastic Oscillator indicator above level 80 which means that the quite Bulls condition is happening on #NDX, so that in a few days ahead, as long as there is no downward correction beyond the level of 12187.5 then #NDX has the potential to continue its bullish movement to the level of 13720.3.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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