Stock index NASDAQ is traded at the level of 5724.3. The NASDAQ continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the NASDAQ. It is expected to test the signal lines area near the level of 5680.0, from which one should expect an attempt to grow and develop the bullish trend at the stock index NASDAQ with the target near the level of 5790.0.
Technical analysis and forecast NASDAQ on May 18, 2017
Earlier, a weak signal was received for the but of the Stock index NASDAQ, due to the crossing the signal lines at the level of 5379.0. 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 5610.0, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the stock index NASDAQ will be the breakdown of the local maximum area at the level of 5770.0.
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