Nasdaq 100 Buyers Show Resilience At The 14541.30 Key Level
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Nasdaq 100 Buyers Show Resilience At The 14541.30 Key Level

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Azeez Mustapha

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Market Analysis – August 21

Nasdaq 100 buyers show resilience at the 14541.30 key level. The buyers are demonstrating resilience at the 14541.30 market level after a prolonged bearish period. This week, the market opened with a bullish candlestick, indicating the potential for a shift in momentum. The buyers are aiming to regain control of the market. They are building on their bullish season that began earlier this year.

Nasdaq 100 (NAS100) Key Zones

Resistance Zones: 15956.60, 14541.30
Support Zones: 13899.20, 12722.00

Nasdaq 100 Buyers Show Resilience At The 14541.30 Key Level

Nasdaq 100 (NAS100) Long-Term Trend: Bullish

Back in January, the market experienced a bullish upswing, reaching a significant zone of around 10665.90. Since then, the strength of the buyers has been gradually increasing, with a series of higher highs and higher lows. The bullish momentum paused when the price reached the key zone at 15956.60. Following this, sellers attempted to exert pressure, causing the price to swing back to the 14541.30 key level.

Currently, the buyers are on the lookout for opportunities to reignite their trend. The Stochastic Oscillator is indicating oversold conditions at the 0.00 level. This suggests that buyers are prepared to seize any available opportunity as it presents itself.

Nasdaq 100 Buyers Show Resilience At The 14541.30 Key Level

Nasdaq 100 (NAS100) Short-Term Trend: Bullish

While selling pressure may still influence the market, the bulls are expanding their presence in the short time frame. The Parabolic SAR indicator is showing an exit for sellers as buyers begin to push in. As more opportunities arise, the bulls have the potential to regain their pace and continue their upward trend. The buyers’ resilience is evident in the short time frame analysis.

The buyers in the Nasdaq 100 market are displaying strength and determination at the 14541.30 level. The market is witnessing a potential shift in momentum, presenting opportunities for the bulls to regain control and resume their upward trend.

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