Suche
Mein Konto
Nasdaq: Uptrend continues
Current chart analysis and day trading setups for the Nasdaq - Find out more about the market outlook for active traders on April 24, 2024. Act responsibly and informed! 📈📉 #Daytrading #Nasdaq #MarketOutlook
Nasdaq: Uptrend continues
The Nasdaq Index saw a moderate recovery yesterday as it pushed above 17,600 points. Nevertheless, it was unable to rise significantly further and lost momentum in the evening. However, the upward move continued in early trading and surpassed the 17,700 point mark.
Analysis on the 1-hour chart shows that the Nasdaq was above the SMA20, indicating a gradual recovery. The afternoon move resulted in a significant gap to the SMA20, which is positive for the index. As long as the index can hold the SMA20, there is the possibility of further upward impulses up to the SMA200, currently at 17,781 points.
In the event of setbacks, they could initially stabilize and recover at the SMA20. If this support does not hold, the SMA50 at 17,436 points could provide further support. However, traders should responsibly consider the risks of trading, especially related to CFDs, as these products involve leverage and can result in quick losses.