Light relief for the Nasdaq?
NASDAQ
Intraday
We look to Buy a break of 11500 (stop at 11195)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous resistance located at 11502. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 11500, which will confirm the bullish sentiment.
Our profit targets will be 12260 and 12310
Resistance: 11500 / 12310 / 12945
Support: 10675 / 9740 / 9170
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Intraday
We look to Buy a break of 11500 (stop at 11195)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous resistance located at 11502. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 11500, which will confirm the bullish sentiment.
Our profit targets will be 12260 and 12310
Resistance: 11500 / 12310 / 12945
Support: 10675 / 9740 / 9170
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
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