Tradingdaq | NAS100 Market Daily Technical Analysis

2 בדצמ׳

Stock exchanges were closed last Thursday, reopening for a half-day on Friday, all in a celebratory spirit following Thanksgiving. The stock indexes wrapped up the week and month on a strong positive note, buoyed by the optimism surrounding Trump’s presidency. The Nasdaq surged 0.8% in the shortened session, sealing the week and month with a 1.1% gain, and it achieved an impressive 6.2% growth for the entire month of November. This marks the index's best month since May. With three out of the last four months ending on a high note, the Nasdaq has soared 28% since the start of the year. If the price increases and a bullish candle closes above 20870, my target will be 21040.

2 בדצמ׳

הערה

My analysis of the 15m chart for NAS100 shows solid progress, moving from 20,895 to 21,100. Those who seized this opportunity should consider closing some of their trades to lock in profits. With the US market opening, we could expect sharp movements due to the increased volatility.