NAS100 (NAS100) Fluctuates Above Level 14000, Uptrend Likely
Login

NAS100 (NAS100) Fluctuates Above Level 14000, Uptrend Likely

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is in an upward move. Buyers have broken above the resistance above level 14,000. The upward move is currently facing resistance at level 14100. Meanwhile, on April 16 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extension or level 14955.35. From the price action, the market is approaching the high of level 14100.

NAS100 -Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 61 of the RSI period 14. It implies that the index is in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. NAS100 is facing resistance at level 14100. The bulls were repelled twice as price fell to the low above level 13900. Today, the bulls have broken the resistance as the market resumes upward.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is above the 40% range of the daily stochastic. It indicates that the index is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The bulls are still facing resistance at level 14100 as the index resumes a downward move. According to the Fibonacci tool analysis, NAS100 will reach the high of level 14955.35.


You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News