Ok, the Nasdaq 100 hit our target at 13,700 today, as we expected, against all the bearish sentiment around! Several of our stocks hit their targets as well. But what's next for the index?
The bollinger bands are pretty tight right now, and this means that the index could explode to any direction. Here's the situation:
1 - if it breaks the 13,614, the 13,400 is the target;
2 - if it breaks the 13,734, the 14k is the target.
I'm not on Nasdaq anymore, but I'll look at these points for now.
The 4h chart doesn't help too much, as we are near a resistance, indicating the index could drop. But the momentum seems pretty good as well. I rather prefer to use the 30min chart for now. I'll keep you guys updated :)
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
The bollinger bands are pretty tight right now, and this means that the index could explode to any direction. Here's the situation:
1 - if it breaks the 13,614, the 13,400 is the target;
2 - if it breaks the 13,734, the 14k is the target.
I'm not on Nasdaq anymore, but I'll look at these points for now.
The 4h chart doesn't help too much, as we are near a resistance, indicating the index could drop. But the momentum seems pretty good as well. I rather prefer to use the 30min chart for now. I'll keep you guys updated :)
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
