Stock index NASDAQ is trading at 6282. NASDAQ is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the NASDAQ. Ichimoku Kinko Hyo signal line area test is near the level of 6205, from which it is expected to attempt a rebound and development of the bullish trend for the target of growth near the level of 6500.
NASDAQ forecast & analysis on November 16, 2017
Earlier, a strong signal for buy stock index NASDAQ was obtained, due to crossing of signal lines at 6140 level. growth of quotations of the stock index will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the level of 6120, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the exchange’s index is at breakdown level 6360.
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