My trading idea for the NASDAQ Index - LONG
Target: 14,100 points
The trivial interpretation of the MACD indicator is as follows:
A rising MACD indicates the upward trend of a price, a falling one a downward trend. The greater the distance of the MACD from its zero line, the stronger the trend. Currently, a temporary end of the downward movement can be interpreted.
The bears have taken a few hits, but they are still humming loudly! The current positive momentum could lead to a further price recovery in the coming weeks. My next resistance level is at 14,100 points.
However, there can be no talk of a trend reversal yet, as the long-term negative trend continues to dominate. The probability of a reversal formation like the Corona crisis seems to be extremely low.
Target: 14,100 points
The trivial interpretation of the MACD indicator is as follows:
A rising MACD indicates the upward trend of a price, a falling one a downward trend. The greater the distance of the MACD from its zero line, the stronger the trend. Currently, a temporary end of the downward movement can be interpreted.
The bears have taken a few hits, but they are still humming loudly! The current positive momentum could lead to a further price recovery in the coming weeks. My next resistance level is at 14,100 points.
However, there can be no talk of a trend reversal yet, as the long-term negative trend continues to dominate. The probability of a reversal formation like the Corona crisis seems to be extremely low.