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Nasdaq experiences record highs.

Technical Analysis
By Shady Fouad
Nasdaq experiences record highs.
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NASDAQ

الناسداك

The Nasdaq index bounced higher in yesterday’s trading, reaching the resistance area at 21250$. It is likely that this area will limit the upward momentum in today’s trading.

Support

 20950 20700 20250
Resistance 21250 21350

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After its rise yesterday, the Nasdaq index saw a positive and encouraging movement, reflecting a sense of optimism in the market. The close at higher levels could serve as a catalyst for investors to seek opportunities in technology sectors and high-growth companies, which are among the key components of the index. This rise could be driven by factors such as strong financial results from listed companies or positive reactions to global economic news, including improved expectations regarding interest rates or progress in trade negotiations.

However, investors should monitor any signs indicating increased market volatility or inflationary pressures that could affect future performance. If the upward trend continues, the Nasdaq index may face resistance at certain levels in the short term, while any pullback could present buying opportunities in key support areas.

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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