ANALYSIS
NQ100 Finds Support from PPIApr 14
Recovery Potential Remains in NQ100
Public authority in China continues to relax in coronavirus measures. The Beijing local government's removal of the Covid-19 test requirement in many public places as of today keeps the investor risk appetite resilient. On the other hand, the hopes that the US Federal Reserve (FED) will be less aggressive with the December meeting support the stock market. At this point, 11 650 is of critical importance in NQ100 index pricing. As long as 11 650, which is currently cut by the intermediate trend line, is maintained as a support, the index will continue to have a high recovery potential until 12 060 after 11 920. In the possible declines below 11 650, 11 510 support can be followed.
