Nasdaq - Soon heading to $30.000?

May 29

Hello Traders and Investors, today I will take a look at the Nasdaq.

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Explanation of my video analysis:

For more than a decade, the Nasdaq index has been trading in a rising channel formation with the last retest of the support trendline being back in the end of 2022. At the moment, Nasdaq is retesting the upper resistance trendline and if we actually see a breakout over the next 2 months, we might see a similar rally of +50% compared to the one which we saw back in 2020.

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Keep your long term vision,
Philip (BasicTrading)

Jun 12

Note

Quick update on the Nasdaq:

So far the Nasdaq is melting higher and higher, due to Apple's strong bullish move over the past two days. A bullish breakout seems to be quite likely - it will be important to wait for the candle closure of June though.

Levels to watch: $19.500, $16.000