NASDAQ Buy Signal


Pattern: Channel Up on 1D.

Signal: Buy as the price rebounded (almost) on the 4H MA300 (yellow trend-line), which last time (March 05) formed a bottom. Also the 1D RSI hit the Support Zone that has been in effect for a year.

Target: 14400 (slightly below the 1.382 Fibonacci extension).

P.S. A long-term possibility on Nasdaq:

NASDAQ may be about to shoot up. But is the future bright?
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