ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Tesla Effect on the Index
Although the tightening momentum of global central banks weighs on the NQ100 index, moderate easing in the dollar continues to support the index as the 100 basis point rate hikes in the US have disappeared. In addition, the announcement that the revenue of the American electric car manufacturer Tesla increased by 42 percent in the second quarter of this year to $ 16.9 billion compared to the same period of the previous year, also contributed to the support in the technology index. Technically, the index, which continues its movements in the rising minor channel on the fourth trading day of the week, can maintain its buyer potential up to 12 700 resistance if it can get 12 540 level behind it permanently. In possible downward movements, 12 280 followed by 12 145 support can be followed.
