Wednesday, January 27, 2021 7:03 AM EDT
Nasdaq or the US100 Index is very bullish. However, there is a consolidation at the bottom which might suggest a drop.
13518-13600 is the POC zone. It looks like the price might drop from the zone towards 13480.
A breakout below 13482 is needed for a momentum down towards 13379 and 13337. However, if the market breaks above 13600 we should see a bullish continuation move towards 13667 and 13778.
(Click on image to enlarge)
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
more
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The opinions in this article are for informational and educational purposes only and should not be construed as a recommendation to buy or sell the stocks mentioned or to solicit transactions or clients. Past performance of the companies discussed may not continue and the companies may not achieve the earnings growth as predicted. The information in this document is believed to be accurate, but under no circumstances should a person act upon the information contained within. We do not recommend that anyone act upon any investment information without first consulting an investment advisor as to the suitability of such investments for his specific situation.
less
How did you like this article? Let us know so we can better customize your reading experience.