NASDAQ Composite - The Momentum Will Continue Till 19,250

7 ביולי 2024

(1) After a notable increase, the price reached the 16,200 level before facing a sharp decline of approximately 37%.

(2) Following this, the price found solid support near the 10,150 level and started to climb again.

(3) After a two-year consolidation period, the price finally broke through its resistance level and surged upwards.

(4) A Cup & Handle pattern emerged on the weekly chart, suggesting a continuation of the upward trend.

(5) Currently, the price is at its all-time high, nearing a potential resistance level around 19,250.