Stock index NASDAQ is trading at 7679. The index is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend on NASDAQ. As part of the index rate forecast. The test of the Ichimoku Kinko Hyo signal line region is expected near the level of 7650. Where should we expect an attempt of a rebound and the development of an upward trend in order to grow near the level of 7950.
NASDAQ Prediction and Analysis April 18, 2019
An additional signal in favor of raising the index will be the test of the lower boundary of the ascending channel. The second signal will be a rebound from the support level. Earlier, a medium strength signal was received for BUY the NASDAQ stock index. The signal was obtained by intersecting signal lines at 7325.
Cancellation of the growth of quotations of the stock index will fall and the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below 7520. This will indicate a change in the upward trend in favor of the downward trend and continued decline. NASDAQ is expected to accelerate the growth of quotations with the breakdown of the resistance area and closing above the level of 7750.
NASDAQ Prediction and Analysis April 18, 2019 suggests an attempt to test the resistance level near the 7650 area. Where to expect the NASDAQ to continue to decline with a potential target near the 7950 level. A strong growth and a break of the 7520 area will cancel the drop option. the fall.