- Current Price: 21761.79
- Key Insights: NASDAQ continues to exhibit robust bullish sentiment, driven by
technology sector strength. Investors should watch resistance at 22,385 and
key support near 21,414 for directional cues. While upside pressures remain,
risks of a short-term pullback could materialize if overbought conditions
persist.
- Price Targets:
- Target 1 (T1): 22,275
- Target 2 (T2): 22,385
- Stop Level 1 (S1): 21,600
- Stop Level 2 (S2): 21,414
- Recent Performance: The NASDAQ has shown resilience, maintaining its upward
trajectory amid potential headwinds such as weaker momentum signals and
geopolitical trade developments. Technology stocks, specifically
semiconductor firms, have powered market gains, buoyed by optimism in the
sector's outlook.
- Expert Analysis: Analysts agree on the likelihood of continued upside provided
key resistance levels are cleared. However, caution surrounds potential
reversals due to overbought technical conditions. A pullback might occur
within the next 3–6 weeks, reinforcing the importance of monitoring
divergence signals.
- News Impact: Optimistic US-China trade comments and semiconductor growth have
supported the rally. Broadcom's recent earnings could temper enthusiasm,
serving as a potential inflection point for the index's short-term
trajectory.
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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.