NASDAQ 100: WEEKLY SCENARIO – 10 February 2022

Technical Analysis

NASDAQ 100 Price Technical Analysis: Weekly Chart

Nasdaq 100
  • In the weekly charts , Nasdaq 100 is trading in an upward channel.
  •  Nasdaq 100 is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  •  Nasdaq 100 will follow an uptrend in the coming weeks.
  • The Nasdaq 100 crucial support level is at 15635.12 which is near 20 days SMA as of now. There are no signs of a bearish trend.
  • Bulls have their tight grip on  Nasdaq 100 .

TRADE SIGNAL- NASDAQ 100– Buy: 14,990.80, TARGET:-15,090.30, STOP LOSS:- 14,940.55.

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