The stock index NASDAQ is trading at 5681.4. The NASDAQ is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in the NASDAQ. The fall of quotations of the stock index near the level of 5640.0 is expected, from which one should expect an attempt to grow and develop the bullish trend on the NASDAQ exchange index near the level of 5740.0.
Technical Analysis and Forecast NASDAQ on May 12, 2017
Earlier, a weak signal was received for the purchases of the NASDAQ Exchange Index, due to the intersection of the signal lines at the level of 5379.0. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 5575.0, which will indicate a change in the upward trend in favor of a downward trend. Expect the acceleration of the growth of quotations of the NASDAQ index with the breakdown of the local maximum area at the level of 5700.0.
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