NASDAQ 20-12-2023

Technical Analysis

By Shady Fouad On Dec 20, 2023

NASDAQ 20-12-2023.

The index is trading around its previous historical peak within the range of 16800. If the index successfully consolidates above this peak, prices are expected to resume the upward trend. However, if the minor support zone within the range of 16400 is breached, we may see a retest of the main support zone at 15800.

Support	16700	16450	16200
Resistance	17000	17150	–

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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