Hey traders, here is a quick analysis on Nas100. Price got a strong rejection at 13100 and bounced up and it broke above the descending channel that kept it in a sloppy downward momentum.
Stock futures were higher early Wednesday morning as investors continued to assess a surge in commodity prices and high inflation while the war in Ukraine continues.
Futures tied to the Dow Jones Industrial Average rose 365 points, or about 1.7%. S&P 500 futures climbed and Nasdaq 100 futures also each gained 2.7%.
Giant stock markets shows a sign of improvement. Might this be the end of the selling momentum for the stocks? Only time will tell.
In a short time, I predict Nas100 to rise with two targets in mind 13637.52 and 13809.23 if possible it might reach 14200.
Friends I will appreciate it if you show your support of this idea with likes. Also do take time to view my previous analyses by following the links below to gain insight of my predictions.
If you have any thoughts please do share in the comment section below.
Stock futures were higher early Wednesday morning as investors continued to assess a surge in commodity prices and high inflation while the war in Ukraine continues.
Futures tied to the Dow Jones Industrial Average rose 365 points, or about 1.7%. S&P 500 futures climbed and Nasdaq 100 futures also each gained 2.7%.
Giant stock markets shows a sign of improvement. Might this be the end of the selling momentum for the stocks? Only time will tell.
In a short time, I predict Nas100 to rise with two targets in mind 13637.52 and 13809.23 if possible it might reach 14200.
Friends I will appreciate it if you show your support of this idea with likes. Also do take time to view my previous analyses by following the links below to gain insight of my predictions.
If you have any thoughts please do share in the comment section below.
