ANALYSIS
NQ100 Finds Support from PPIApr 14
50 MA Will Be Monitored in NQ100
We saw that the technology index received a moderate reaction with the recovery of the investor risk appetite somewhat. However, in the last few days, as a result of the hawkish messages of the leading officials of the US Federal Reserve (FED), we have been monitoring that the reactions in question are not permanent. Technically speaking, as long as the 11 535 level indicated by the 50-period simple moving average is not permanently exceeded, the technology index, where selling pressure is likely to be maintained, may decline to 11 080 support if it stretches below 11 250. In the possible transition above 50 MA, 11 680 and then 11 800 resistances may come to the fore.
