ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100 Started the Week with Upside Movements
The Central Bank of China (PBoC) unexpectedly lowered the policy interest rate by 10 basis points to 2.75 percent to support and revive the economy affected by the coronavirus, which had a positive impact on the NQ100 index. In addition, Tesla's CEO Elon Musk's statement that they have sold more than 3 million vehicles also supports the technology index. Technically speaking, the NQ100 index, which maintains its upward enthusiasm in the ascending channel, can rise to 13 860 resistance, which will be the highest level since April 22, if it leaves the 13 700 level behind with permanent closes. In the downside scenario, 13 365 and 13 200 supports can be followed closely by market players.
