

The NASDAQ 100 Index shows strong upward momentum on its 4-hour chart.
Recent bullish patterns and increasing trading volumes suggest a positive outlook.
Key support and resistance levels will be pivotal in determining future price movements.
A few bullish patterns can be observed in the recent action, notably a bullish engulfing pattern around mid-September, which was followed by a significant upward movement.
There are recent green candles indicating a continuation of bullish sentiment.
The overall trend is bullish, with higher highs and higher lows evident from mid-August onwards.
The MACD line is above the Signal line after a recent bullish crossover, which suggests ongoing upward momentum.
The histogram shows increasing positive momentum, confirming the bullish sentiment.
No significant divergences observed between price action and MACD, supporting the current trend's strength.
Volume spikes were noticeable during recent bullish movements, suggesting strong buying interest.
Increased volume on upward price movements strengthens the bullish outlook and indicates potential institutional buying.
A notable volume increase occurred around early-September, coinciding with price rises.
Support around 24,500 and 24,300, tested multiple times in the past.
Resistance near 24,800, where the price currently trades. A breakout above this could lead to further highs.
These levels will be crucial for potential reversals or breakout validation. Monitoring price action around these levels will provide insight into future movements.
Consider a buy on a clear breakout above 24,800 with strong volume confirmation.
Watch for signs of reversal at resistance levels or a bearish crossover in MACD to consider selling.
Current bullish trend suggests holding positions until a clear reversal signal is observed.



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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.