ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 Stands Resistant Despite China
We saw some decline in the index as the flaming protests over China's strict Covid-19 restrictions dampened investor risk appetite. However, in the NQ100 pricing, known as the technology index, the soft interest rate hike expectations brought by the FOMC Minutes continue to be the basic scenario. When examined technically, it is seen that the rising channel movement continues despite the loss of momentum. At this point, 11 800 followed by 11 940 resistances can be followed as long as it is remained above the 11 480 level indicated by the 100-period simple moving average.
