The stock index NASDAQ is trading at 5471.5. NASDAQ continues to move above the moving average with a period of 55, indicating a bullish trend for the NASDAQ. At the moment, quotes of the stock index test the upper boundary of the bands of the indicator Bollinger Bands. It is worth waiting for an attempt to fall near the level of 5452.0, where again we should expect an attempt to continue growth with the first goal near the level of 5560.0.
Bollinger Bands NASDAQ Forecast on April 6, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 5420.0. 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 quotations of the exchange’s index below the area of 5400.0, 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 boundary of the indicator bands, it is expected to accelerate the growth of the exchange index in the region above the level of 5560.0.
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