Trading Idea for this weeks NASDAQ price chart
- Price has broken the near resistance to form a continuation of the uptrend.
Price may retrace to the new support at 13123 - 13107 to bounce back up and continue a bullish trend.
Price may also return to bounce back at the 12884.4 - 12785 support zone.
Trade idea: consider buying at the retracement level at near support (13123 - 13107) for a long term bullish position