empty
 
 
24.11.2023 05:19 PM
Technical analysis on NASDAQ for November 24th, 2023.

This image is no longer relevant

Red line -resistance trend line (broken)

Blue lines- RSI bearish divergence signs.

Nasdaq is trading around 15,970. There are increased chances that the top is in and we are at the early stages of a reversal. Technically trend remains bullish as price continues making higher highs and higher lows. The RSI is making lower highs providing us with bearish divergence signs. The index has made an impressive almost vertical rise during the last 30 days breaking above key resistance trend line. At current levels we believe that it is more probable for price to make at least a pull back to back test the broken trend line. The RSI has provided us with a first warning. A break below 15,860 will be our first sell signal if and when it comes.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback