QQQ - Nasdaq heading to find support on 100 MA
Hi All, my main 3 take-outs from this analysis are the following:
1- Price might be trying to find support at around 15400 where the 100 MA stands
2- In case the 100 MA will be broken, we always have a static ascending trendline at around 15100 which might reject the price as it happened several times in the past
3- Last support might be the dynamic support of the 200 MA, at around 14500, which I personally do not believe we'll be reaching
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
1- Price might be trying to find support at around 15400 where the 100 MA stands
2- In case the 100 MA will be broken, we always have a static ascending trendline at around 15100 which might reject the price as it happened several times in the past
3- Last support might be the dynamic support of the 200 MA, at around 14500, which I personally do not believe we'll be reaching
Not a financial advice, just personal opinion. Do your own due diligence and good luck!