financialflagship

NASDAQ 100 (US100) – Week 14 – New record top on the cards.

Long
CURRENCYCOM:US100   NASDAQ 100
In the past day, the Nasdaq composite increased by 1.7%, as Tesla ( TSLA ) rallied 4.4% at the market open, after surging 7% in premarket trade supported by the company’s strong deliveries.
The Nasdaq rally was also supported by FANG leaders Alphabet ( GOOGL ) and Facebook ( FB ) which started to gather some bullish momentum.

In our previous analysis, we correctly forecasted the price to hit the resistance target.
For this week, we anticipate a correction that can push the price towards the support area that we highlighted on the chart, before resuming the bullish trend . If that area is broken, then we expect the price to reach the blue trendline and bounce back towards new record-highs.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move
Trade closed: target reached: 14k target has been reached. 😊

Comments

Good work
+2 Reply
@john_stuart thank you! 🙌
Reply
I think price reaction to trendline ! Because it has a lot potential to upward
Reply
Perfect analysis.. Nice job
Reply
Nice outlook and analysis thx
Reply
Great job! :)
Reply
@ELMANTEC, thank you! 🙌
Reply
I love this method
Reply
@AtlasTrades, thanks bro! 🔥🔥
Reply
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