NASDAQ 11-1-2024

Technical Analysis

By Shady Fouad On Jan 11, 2024

NASDAQ 11-1-2024.

The NASDAQ index is trading within a sideways range in the short term. The area around 16830 represents a resistance zone, and if it is breached, we may target 17100. However, it is likely that this zone will limit the upward movement, and in such a case, prices may retest the support zone around 16250.

Support	16500	16250	16000
Resistance	16830	17100	–

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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