NASDAQ 100 TECHNICAL ANALYSIS & TRADING TIPS

stock technical analysis

NASDAQ 100 Technical Analysis: Weekly Chart

indices trade idea

In the weekly charts, NASDAQ 100 is trading above its downward channel.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 13730 and the resistance level is at 14860.

NASDAQ 100 is trading outside and above its previous downward channel.

NASDAQ 100 Technical Analysis: Daily Chart

indices trade idea

In the daily charts, NASDAQ 100 is trading below its previous downward channel.

It is trading below MA (5) but above MA (20) and MA (50).

The immediate support is 13972 and the resistance level is at 14656.

NASDAQ 100 is trading outside and below its previous downward channel.

How to trade NASDAQ 100 this week:

NASDAQ 100 is trading above and outside its previous downward channel. However, the following opportunity can be taken if it breaks down further:

TRADE SUGGESTION: SELL AT 13875, TAKE PROFIT AT 13305 AND STOP LOSS AT 14345

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