The NASDAQ-100 is an index that is constituted by 100 of the largest companies listed on the NASDAQ stock exchange, which is the second largest in the world only after the New York Stock Exchange by market capitalization. The companies that are listed in this index range from a variety of industries like Technology, Telecommunications, Biotechnology, Media, and Services. The NASDAQ-100 was first calculated in January 31 of 1985 by NASDAQ and it is a modified capitalization-weighted index. This index has been of good reference to investors that want to know how the stock market is performing without financial services companies, this given that the index excludes financial companies.
HI there,
Watch for the strong breakout and buy or wait for the price to sit at the bottom and then look for buy before the breakout.
In case price breakdown clearly the previous low then it will change the buy setup Then we will analyse it again and we will look for short term buy again.
Good Luck.
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The price bounced from SMA50 but it could not develop further upward movement. If we get a new bearish candle today, probably it will be a signal for the falling to the support zone formed by 7200.00 level and SMA100. Buying from this zone will be more logical based on a confirmed reversal signal. Stop orders for long trades should be placed below the local swing ...
Eventbrite IPO
Ticker: EB
Starts trading this week.
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Classic Semi-Tech IPO.
Great revenue increase YoY since 2016.
Good market cap.
Expecting IPO at $24 and $30+ at first day of trading.
We are in the Bull market, so buy it if you can.
This count posits two possibilities for the Nasdaq. Either the wave finished with a truncated 5th and a decent correction has already started or (more likely imo) it has another leg to go up before starting any serious correction. I forgot the third option....... that I am totally wrong on all counts.
NAS100 Could be possible short, RSI also looks good to sell
Love to hear your thoughts and ideas
This is for research purposes and is my own opinion.
Always use STOP LOSS and ALWAYS TRADE SAFE
Protect your capital
NAS100: Nasdaq 100 Index - An Important Week Ahead
Nasdaq never made it to 7518, failing badly at 7495 and then breaking the first support at 7479 and then falling another 100 points to 7380 before bear closing in the last couple of hours on Friday took the index back to the 7414 line and a newly forming dynamic resistance line just above price now.
It should ...
