- Current Price: 21631.04
- Key Insights:
- NASDAQ’s mixed performance suggests an ideal opportunity for selective
trading, with robust long-term bullish trends juxtaposed against short-term
volatility.
- Traders should focus on support levels for entry and utilize resistance
targets for profit-taking. Technology stocks exhibit vulnerabilities but may
rebound if key supports hold. Tesla's relative strength over peers offers
additional momentum within the sector.
- Price Targets:
- Next Week Targets:
- T1: 22,000
- T2: 22,600
- Stop Levels:
- S1: 21,200
- S2: 20,800
- Recent Performance:
- The NASDAQ saw a -0.63% decline last week, performing better than the Dow
(-1.32%) but lagging behind the S&P 500 (-0.39%). Technology sector divergence
dominated trading, with weakness in Nvidia and Apple contrasting Tesla’s
resilience.
- Expert Analysis:
- Despite short-term challenges, investor sentiment remains optimistic based
on institutional data, provided that support levels hold firm. NASDAQ’s position
above crucial long-term moving averages suggests sustained bullish interest.
However, short-term signals warn of possible pullbacks due to broader risk
aversion.
- News Impact:
- Escalating geopolitical tensions in the Middle East contributed to increased
market volatility. Risk-off sentiment pushed investors toward safer assets like
gold and oil, impacting equity flows. As tensions persist, the market may face
heightened challenges next week.
- Key Insights:
- NASDAQ’s mixed performance suggests an ideal opportunity for selective
trading, with robust long-term bullish trends juxtaposed against short-term
volatility.
- Traders should focus on support levels for entry and utilize resistance
targets for profit-taking. Technology stocks exhibit vulnerabilities but may
rebound if key supports hold. Tesla's relative strength over peers offers
additional momentum within the sector.
- Price Targets:
- Next Week Targets:
- T1: 22,000
- T2: 22,600
- Stop Levels:
- S1: 21,200
- S2: 20,800
- Recent Performance:
- The NASDAQ saw a -0.63% decline last week, performing better than the Dow
(-1.32%) but lagging behind the S&P 500 (-0.39%). Technology sector divergence
dominated trading, with weakness in Nvidia and Apple contrasting Tesla’s
resilience.
- Expert Analysis:
- Despite short-term challenges, investor sentiment remains optimistic based
on institutional data, provided that support levels hold firm. NASDAQ’s position
above crucial long-term moving averages suggests sustained bullish interest.
However, short-term signals warn of possible pullbacks due to broader risk
aversion.
- News Impact:
- Escalating geopolitical tensions in the Middle East contributed to increased
market volatility. Risk-off sentiment pushed investors toward safer assets like
gold and oil, impacting equity flows. As tensions persist, the market may face
heightened challenges next week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.