NASDAQ 100 WEEKLY Technical Analysis – 22 February 2022

NASDAQ 100 WEEKLY Technical Analysis – 22 February 2022

NASDAQ 100 Price Technical Analysis

NASDAQ 100 Price Technical Analysis: Weekly Chart

NASDAQ 100 Price Technical Analysis
  • In the weekly charts,  Nasdaq 100 is trading in a downward 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 a downward trend in the coming weeks.
  • The  Nasdaq 100 crucial support level is at 14,485.4  Nasdaq 100  which is near 20 days SMA as of now. There are no signs of a Bullish trend.
  • Bears have their tight grip on Nasdaq 100.

TRADE SIGNAL– NASDAQ 100– SELL: 13,920.80, TARGET:-13,720.30, STOP LOSS:- 14,020.55.

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