The stock index NASDAQ is trading at 5407.7. NASDAQ is trading 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 moving towards the upper boundary of the indicators strip Bollinger Bands. We should expect an attempt to fall near the level of 5400.0, where again we should expect an attempt to continue growth with the first goal near the level of 5450.0.
Bollinger Bands NASDAQ forecast on April 20, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at the level of 5350.0. Canceling the option of continuing the growth of NASDAQ will be a breakdown of the lower boundary area, as well as a moving average with a period of 55 and the closing of quotations of the exchange’s index below the area of 5330.0, 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 5450.0.
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