The Stock Index NASDAQ is trading at 5418.7. NASDAQ continues to move above the moving average with a period of 55, indicating a bullish trend for the NASDAQ. At the moment, the quotes of the exchange index are traded near the upper boundary of the bands of the indicator Bollinger Bands. One should expect an attempt to drop and test the middle border of the bands near the level of 5385, where again we should expect an attempt to continue growth with the first target near the level of 5455.
Bollinger Bands Forecast NASDAQ on March 30, 2017
The conservative buy area is located near the lower boundary of the Bollinger Bands indicator strip at 5325. The abolition of the continuation of NASDAQ growth will be a breakdown the moving average and the area of the lower border of the indicator, as well as the closing of quotes below the area of 5310, which indicates a change in the trend in favor of the bearish on the NASDAQ. In the event of a breakdown of the upper boundary of the indicator bands, it is expected to accelerate the growth of the exchange index in the region above the level of 5455.
