My trading idea for the NASDAQ Index - LONG
Target: 14,100 points
The trivial interpretation of the MACD indicator is as follows:
A rising MACD indicates the upward trend of a price, a falling one a downward trend. The greater the distance of the MACD from its zero line, the stronger the trend. Currently, a temporary end of the downward movement can be interpreted.
The bears have taken a few hits, but they are still humming loudly! The current positive momentum could lead to a further price recovery in the coming weeks. My next resistance level is at 14,100 points.
However, there can be no talk of a trend reversal yet, as the long-term negative trend continues to dominate. The probability of a reversal formation like the Corona crisis seems to be extremely low.
Target: 14,100 points
The trivial interpretation of the MACD indicator is as follows:
A rising MACD indicates the upward trend of a price, a falling one a downward trend. The greater the distance of the MACD from its zero line, the stronger the trend. Currently, a temporary end of the downward movement can be interpreted.
The bears have taken a few hits, but they are still humming loudly! The current positive momentum could lead to a further price recovery in the coming weeks. My next resistance level is at 14,100 points.
However, there can be no talk of a trend reversal yet, as the long-term negative trend continues to dominate. The probability of a reversal formation like the Corona crisis seems to be extremely low.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.