ANALYSIS
NQ100 Finds Support from PPIApr 14
13 985 resistance will be on our radar in NASDAQ
Following the Russian invasion of Ukraine, we observed strong downward moves in the index. Afterwards, we saw reaction purchases; however, we believe downward movements will continue as Russians’ aggressive military operations continue. NASDAQ100 uses the 50-period exponential moving average as a resistance level and in further decreases, we will follow 13 700 and 13 565 levels. On the other side, 13 985 will be our resistance level indicated by the 50-MA.
