{"id":95756,"date":"2024-01-23T11:34:33","date_gmt":"2024-01-23T07:34:33","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=95756"},"modified":"2024-01-23T11:34:35","modified_gmt":"2024-01-23T07:34:35","slug":"nasdaq-is-stable-above-support-23-1-2024","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/nasdaq-is-stable-above-support-23-1-2024\/01\/23\/tech-analysis\/","title":{"rendered":"Nasdaq is stable above support 23\/1\/2024"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>The Nasdaq index achieved notable gains at the beginning of weekly trading, succeeding in recording its highest level of 17451.<\/p>\n\n\n\n<p>On the technical side today, the upward trend is still the most likely, relying on the simple moving averages continuing to provide a positive incentive that supports the possibility of an increase and is stimulated by trading stability above the support level of 17300 and most importantly 17280.<\/p>\n\n\n\n<p>Therefore, we believe that there are opportunities for a rise, provided that we witness a clear and strong breach of the resistance level of 17450, which will extend the index\u2019s gains, as we await 17520, the first target, and then 17,585, the next official station.<\/p>\n\n\n\n<p>Sneaking below 17280 is capable of completely foiling the bullish scenario and leading the index to present negative movements with a target of 17210.<\/p>\n\n\n\n<p>Warning: The level of risk is high amid continuing geopolitical tensions, and we may witness high price volatility.<\/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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