Structure Looking For Short Term Sell NASDAQ 7940.0 and Target will be around 7800 nad Stoploss 8000 Somethings.
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
The Nasdaq market is looking to fall rapidly through a rising wedge pattern. The NAS100 P/E ratio is 25 - way, way overvalued. The Nasdaq market has many stocks with sky high P/E ratios over 100 like GDDY, SQ. UBER and TSLA haven't made any profit yet and are trading at sky high valuations. The NAS100 could fall 20% from here with the S&P500. The RSI, ROC and...
Anticipating this H&S for drop to lower trend line of channel. Many others are calling for a push up to new ATHs above the 8000 resistance area so be careful and trade with caution. Don't risk more than you can afford to lose. Good luck!
I dare a long-term NASDAQ-100 forecast here.
It's incredibly difficult to predict such things, especially in terms of the timeline.
This development could take longer, well into the next year. I am very curious how it plays out.
This weekend will be a real test for NASDAQ.
If Nasdaq is able to establish itself properly above the resistance line at 8155, the potential for the rise will be large.
The technical data (Trend, Ichimoku Indicator) supports further gains.
Since Christmas, the Nasdaq has already gained over 14% and has come close to the top trend channel. There was formed with yesterday's conclusion a shooting star. This is known to be a trend reversal signal and if such signals appear on a trend line, then this signal should be taken first.
Long positions are to be drawn accordingly into the profit and partial...
Friday's day session offered a short opportunity right from the opening. A false breakout in pre-market sealed the deal for the sellers. The prices trended lower the whole day and offered a long opportunity off the 7900 level. One need to realize why Friday's are different:
- the last day of trading before the weekend
- options expiration.
From the chart you can...
Not much has changed from the sentiment perspective. A pullback to 20MA provided a strong reaction. Buyers are willing to buy at higher prices. The negative divergence remains intact though. But this is not a sell signal.
A better than expected earnings from MSFT and multiple confirmations from Feds regarding the rates cut only add to the bull case.