NASDAQ 18-1-2024

Technical Analysis

By Shady Fouad On Jan 18, 2024

NASDAQ 18-1-2024.

The Nasdaq index is currently trading in a short-term sideways range, with prices hovering around the 16830 level. If there is a breakout above this level, the next potential target could be around 17100. However, there is a likelihood that this area might act as a resistance and limit the upward movement.

Support	16600	16500	16250
Resistance	17100	17350	–

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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