(CercleFinance.com) – The Nasdaq Composite draws a ’rounding-top’ below 14,020/14,035 (4 consecutive closes at 14,020/14,035/14,020) followed by a relapse to 13,800 (1st downward alert) then 13,700.
The medium-term upward trend is not called into question but the safety margin is rapidly reducing: the oblique support coming from the floor of 10,210 on 12/28/2022 which gravitates towards 13,550 remains intact, but we should not lose 1% moreover, and above all, do not push 13,300 because this would validate a bearish head/shoulders (a little wobbly with a 2nd shoulder at 14.00) below 14,400.
Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
This is a Smartvoice article: see legal notices