{"id":90734,"date":"2023-10-11T10:23:13","date_gmt":"2023-10-11T06:23:13","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=90734"},"modified":"2023-10-11T10:23:15","modified_gmt":"2023-10-11T06:23:15","slug":"nasdaq-makes-notable-gains-11-10-2023","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/nasdaq-makes-notable-gains-11-10-2023\/10\/11\/tech-analysis\/","title":{"rendered":"Nasdaq makes notable gains 11\/10\/2023"},"content":{"rendered":"\n<p>An upward trend dominated the movements of the Nasdaq Composite Index during the previous trading session, recording its highest level at 15,240.<\/p>\n\n\n\n<p>On the technical side today, we are leaning towards positivity, but with caution, relying on the clear positive momentum signals on the 14-day momentum indicator, and this comes in conjunction with the return of the simple moving averages to hold the price from below.<\/p>\n\n\n\n<p>Therefore, the upward trend is the most preferred during the day, with trading remaining above 15,050, targeting 15,260 as the first target, and then 15,350 as the next target.<\/p>\n\n\n\n<p>Below 15,050 invalidates the bullish scenario and we may witness a trading session that tends to be negative, with an initial target of 14,930 that may extend later to visit 14,850.<\/p>\n\n\n\n<p>Note: Today we are awaiting high-impact economic data issued by the American economy, Producer Price Index and Results of the Federal Reserve Committee Meeting, and we may witness high volatility when the news is released.<\/p>\n\n\n\n<p>Note: Trading on CFDs involves risks. Therefore, all scenarios may be possible. This article is not a recommendation to buy or sell but rather an explanatory reading of the price movement on the chart.<\/p>\n\n\n\n<figure 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