A general idea of the Nasdaq index

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As it is clearly visible in the figure, the Nasdaq index has reached a very strong support range and has reacted to it. Likewise, this index has been moving for a year in a downward trend between the two trend lines specified in the graph until it reached this support level and is suffering in the support range specified in the graph, which is a good sign for a change in trend.
Currently, we expect the growth of the index up to the downward trend line, and in case of a strong failure of the downward trend line and pullback, we expect the downward trend to change to an upward trend.
As you can see in the chart, the RSI indicator shows the number 40, which is a good support. Also, in the stochstick indicator, moving k% is breaking moving D%, and both moving are below the range of 20, that is, in the oversold area. It is a good sign for the growth of the index.

This is a personal idea and is not an offer to buy or sell.

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