The Stock Index NASDAQ is trading at 5437.3. 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 move between the upper and middle boundaries of the bands of the indicator Bollinger Bands. We should expect an attempt to fall near the level of 5420.0, where again we should expect an attempt to continue growth with the first target near the level of 5465.0.
Bollinger Bands NASDAQ forecast on April 3, 2017
The conservative buy area is near the lower border of the Bollinger Bands indicator strip at 5400.0. Canceling the option of continuing the growth of NASDAQ will be the breakdown of the lower boundary area, as well as the moving average and the closing of the quotations of the exchange’s index below the area of 5380.0, which will indicate a change in the trend in favor of the bearish on the NASDAQ. In the event of a breakdown of the upper border of the indicator strip, we should expect an acceleration of the growth of the exchange index in the area above the level of 5465.0.
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