Nasdaq (NAS100) Bulls Maintain Control
Login

Nasdaq (NAS100) Bulls Maintain Control

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

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


Market Analysis – November 7

Nasdaq (NAS100) bulls maintain control. The bull traders have exhibited remarkable tenacity, making their presence known in the market during the past week. As we delve deeper into the technical aspects, it becomes clear that Nasdaq is now standing at a critical juncture. Right now, they are making decisions that are poised to influence the market’s direction for the upcoming week.

Nasdaq (NAS100) Market Zones

Resistance Zones: 15945.00, 15346.00
Support Zones: 14111.00, 13782.00

Nasdaq (NAS100) Bulls Maintain Control

Nasdaq (NAS100) Long-Term Trend: Bullish

A closer examination of the daily chart reveals that the buyers are fervently seeking to challenge the trend line. This line lies near the 15346.00 market zone. The outcome of this challenge holds the key to Nasdaq’s performance in the days ahead. Over the past few months, the bears have gradually pushed the price lower, resulting in a downward trend characterized by lower swing lows.

Despite this bearish undertone, the bulls have managed to maintain a strong presence, and their influence is unmistakable. The current market structure can be distilled into two potential scenarios: either the bulls will strengthen their grip or the sellers will make a resurgence. If the sellers manage to regain control, the index is likely to drop to the 13782.00 price zone.

The MACD (Moving Average Convergence and Divergence) indicator reveals that the bullish momentum still possesses significant potential for extension. This indicator is often used to gauge the strength and direction of a trend, and in this case, it signals that the bullish run might not be over yet.

Nasdaq (NAS100) Bulls Maintain Control

 Nasdaq (NAS100) Short-Term Trend: Bullish

The Relative Strength Index (RSI) paints a picture of potential exhaustion among buyers. This implies that the buyers may have exerted most of their strength and could be reaching a climax.

 

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
  • 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