NASDAQ 4-1-2023

Technical Analysis

By Shady Fouad On Jan 4, 2024

NASDAQ 4-1-2023.

NASDAQ index was unable to sustain its position above its historical peak after breaking through it. Prices declined, breaking the minor support zone in the range of 16635 and reaching the second minor support at 16450. If this level is also breached, we may see a retest of the main support zone around 15800/16000.

Support	16450	16200	16000
Resistance	16635	16830	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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