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    NASDEQ

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    kumarkeshav
    The technical analyst recommends buying the NASDAQ Composite Index based on the following: 1) The daily chart shows an overall bullish trend as it continues making higher highs and higher lows. 2) The 5, 13, and 26 day exponential moving averages formed a "golden cross" signaling further upside. 3) Momentum indicators like stochastic, RSI, and MACD are in bullish territories and signaling further gains. 4) A long position is recommended if the NASDAQ closes above 2205 in the coming days, with a target of 2350 and stop loss of 2150.

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    NASDEQ

    Uploaded by

    kumarkeshav
    4 views1 page
    The technical analyst recommends buying the NASDAQ Composite Index based on the following: 1) The daily chart shows an overall bullish trend as it continues making higher highs and higher lows. 2) The 5, 13, and 26 day exponential moving averages formed a "golden cross" signaling further upside. 3) Momentum indicators like stochastic, RSI, and MACD are in bullish territories and signaling further gains. 4) A long position is recommended if the NASDAQ closes above 2205 in the coming days, with a target of 2350 and stop loss of 2150.

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    The technical analyst recommends buying the NASDAQ Composite Index based on the following: 1) The daily chart shows an overall bullish trend as it continues making higher highs and higher lows. 2) The 5, 13, and 26 day exponential moving averages formed a "golden cross" signaling further upside. 3) Momentum indicators like stochastic, RSI, and MACD are in bullish territories and signaling further gains. 4) A long position is recommended if the NASDAQ closes above 2205 in the coming days, with a target of 2350 and stop loss of 2150.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
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    4 views1 page

    NASDEQ

    Uploaded by

    kumarkeshav
    The technical analyst recommends buying the NASDAQ Composite Index based on the following: 1) The daily chart shows an overall bullish trend as it continues making higher highs and higher lows. 2) The 5, 13, and 26 day exponential moving averages formed a "golden cross" signaling further upside. 3) Momentum indicators like stochastic, RSI, and MACD are in bullish territories and signaling further gains. 4) A long position is recommended if the NASDAQ closes above 2205 in the coming days, with a target of 2350 and stop loss of 2150.

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    KESHAV KUMAR CFA Technical Analyst Kumarkeshav22@yahoo.

    com NASDAQ COMPOSITE INDEX- (NASDAQ: ^IXIC)

    Recommendation---- BUY

    From the closely observation of daily chart it can be see that the overall trend for NASDAQ is bullish till it will not break long trend-line, it is conformation for its bullishness that it has make higher top higher bottom on every ascending level for follow the bullish trend. 3 EMA, S like 5 days, 13 days and 26 days had also made a golden cross at 2100 level which is bullish signal up-to next crossover level. The price level also above all three EMA, S which indicate bullishness strength but 2202 level is major resistance which is hurdle for bullish sign. Stochastic is above the average point (50) . RSI give bullish crossover on above average point(50) . MACD show bullish cross over on and above average point (0). If NASDAQ will give closing above 2202-2205 in coming days than we make long position for the target of next higher top with the strictly stop loss 2150 ( 26 days EMA). BUYING LEVEL TARGET STOPLOSS ABOVE 2205 2350 APPROX. 2150

    NASDAQ DAILY CHART

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