NQ: technical analysis

NQ, D1

On the D1 chart, the instrument is about to update the historical high. Bollinger Bands corrected sideways, and the price range expanded, which indicates the continuation of the uptrend. MACD histogram is in the positive zone maintaining the buy signal. Stochastic has entered the overbought area; a strong sell signal can be formed during the week.

NQ, H4

On the H4 chart there is a correction of the upward movement. The key resistance level is 7330.0. Bollinger Bands are directed upwards, while the price range has widened, which indicates further strengthening of the instrument. MACD histogram has reached its maximum in the positive zone, keeping a strong buy signal. Stochastic is about to leave the overbought area, a strong sell signal can be formed in the next few hours.

Key levels

Support levels: 7262.3, 7212.8, 7124.4, 7046.6, 6990.0, 6919.2, 6832.7.

Resistance levels: 7329.9, 7365.0.

Trading tips

Long positions may be opened from the level of 7262.0 with targets at 7365.0, 7390.0 and stop-loss at 7200.0. Implementation period: 1-2 days.

Short positions may be opened below the level of 7200.0 with target at 7120.0 and stop-loss at 7235.0. Implementation period: 1-3 days.

NASDAQ100 index of the American stock exchange

Buy Sell Spread
7238.2 7233.4 48

Scenario

Timeframe Day’s Range
Recommendations BUY LIMIT
Entry Point 7262.0
Take Profit 7365.0, 7390.0
Stop Loss 7200.0
Support levels 6832.7, 6919.2, 6990.0, 7046.6, 7124.4, 7212.8, 7262.3, 7329.9, 7365.0

Alternative scenario

Recommendations SELL STOP
Entry Point 7199.0
Take Profit 7120.0
Stop Loss 7235.0
Support levels 6832.7, 6919.2, 6990.0, 7046.6, 7124.4, 7212.8, 7262.3, 7329.9, 7365.0

NQ: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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