ANALYSIS
NQ100 Finds Support from PPIApr 14
FRC Positivity on NQ100
The agreement to deposit a total of $30 billion in deposits with 11 banks (FRC) to the First Republic Bank in the USA, with the support of the government, allowed us to see upward movements in the index. As long as we stay above the 12 515 level in the technology index, which we passed on the downtrend, it may be possible for the rises to continue until the 12 860 resistance, which is indicated by the Fibonacci 161.8 percent expansion level. In case of falling below the support of 12 515 in the possible declines, decreases can be exhibited up to the level of 12 400, which marks the upper band of the downward channel.
