NASDAQ recovers & aims for new all-time-highs amidst earnings

26 окт. 2021 г.

The NASDAQ (NDQ/USD) composite index bounces higher off the back of TESLA landing a 100,000 EV order from Hertz.

Moving forward, many big tech companies will be posting their earnings results in the coming days, such as; Apple, Twitter, and Amazon.

Should their results beat expectations then the NASDAQ will likely see fresh highs and a continuation up to channel resistance located around 16,400 index points.

Speculators looking for an entry should wait for a healthy pull back and consolidation to 1st support at 15,200 index points where price must hold.

Alternatively, a break above 1st resistance around 15,750 index points followed by flipping the resistance into support would also be the confirmation needed to enter LONG/BUY positions.



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