Market Analysis-May 21
Nasdaq 100 is soaring energetically during this period. Bulls have defied all short-term resistance to rally. The price is currently at its highest this Year
Nasdaq Key Levels
Demand Levels: 11675.0, 12705.0, 10665.0
Supply Levels: 13729.0 14000.0 14500.0
Nasdaq Long-Term Trend: Bullish
Since the inception of the year, Nasdaq bearish trends have been short-lived due to the daunting strength of Buyers. The institutional order flow is currently bullish. The year started with a bullish breakout when a demand level of 10665.0 was tested for the third time since October. The Stochastic revealed the readiness of Bulls as the oscillator lurked in the oversold region.
The Moving Averages (periods nine and twenty-one) also crossed at the inception of the year to signify an uptrend. The price has reached the supply level of 13729.0 as the Stochastic signals an overbought market.
Nasdaq Short-Term Trend: Bullish
All the previous resistance levels are turning support as the price of Nasdaq continues to rise. The Stochastic on the 4-hour chart agrees with the daily market for exhaustion of the Buyers. A retracement is therefore anticipated towards 13195.0 to help the buyers regain bullish momentum.
You can purchase Lucky Block here. Buy LBLOCK
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
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.