
The NASDAQ 100 Index is exhibiting bullish momentum on the 4-hour chart. Recent analysis shows a breakout above key levels, supporting the continued upward trend. Volume analysis confirms steady buying interest supporting higher price levels.
Overall, the technical indicators favor a bullish outlook with potential for further gains.
Recently, there's a series of bullish candles indicating sustained upward momentum.
No major reversal patterns such as doji or hammer are immediately visible, suggesting continuation of the trend.
The breakout above 24000 serves as a key level, now acting as support.
The MACD line is above the Signal line, indicating bullish momentum.
Recent bullish crossover supports the upward trend.
No significant divergences noted; MACD aligns with the price action.
Volume has been relatively stable, with no unusual spikes, indicating steady buying interest.
Volume supports price increases; no contradiction between volume and price trend.
No major spikes, suggesting lack of aggressive institutional activity but consistent participation.
24000 is now a critical support level following the breakout.
Previous support around 23500.
Immediate resistance appears around 24200.
Consider entering long positions on pullbacks to the 24000 support level.
If already in a position, holding could be beneficial as the upward momentum is robust.
Watch for confirmation of sustained breakout above 24200 for additional buying opportunities.
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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.