NADAQ opened with upward gap in the beginning of the Asian trading session, following the last week shares price increase after positive fourth quarter earnings results.
Major tech companies like AAPL and AMZN are expecting to report earnings this week and the market is anticipating that the pattern from the last week will continue.
On the technical front, the instrument broke the resistance line of the triangle pattern and both RSI and MACD are in the "buy" zone.
If instrument closes the gap and reverses we might see it test its previous resistance at 10 969, otherwise investors might expect levels of 11 680 to be tested.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Major tech companies like AAPL and AMZN are expecting to report earnings this week and the market is anticipating that the pattern from the last week will continue.
On the technical front, the instrument broke the resistance line of the triangle pattern and both RSI and MACD are in the "buy" zone.
If instrument closes the gap and reverses we might see it test its previous resistance at 10 969, otherwise investors might expect levels of 11 680 to be tested.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.