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simplyansh

Looks like the end of NASDAQ Fall

Long
Nasdaq Composite Index (NASDAQ:IXIC)  
simplyansh  
NASDAQ:IXIC   Nasdaq Composite Index
Trend Analysis Fibonacci Chart Patterns nasdaq nasdaq100 Technical Analysis
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trendanalysis fibonacci chartpattern nasdaq nasdaq100 technicalanalysis
NASDAQ have retraced 50% and has taken support from there, also its at the lower part of Parallel channel.
Expecting a strong pullback from and trend reversal from here on.
It would also mean a pullback for IT/Tech stocks across the world which are suffering from last several months.

Verdict: Seems like a good time to go long on IT stocks.
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