Nasdaq 100 : + 30 %, this market is your favorite one

Catégorie [ Nasdaq 100 ]

Long term: bullish

On a yearly basis, our stochastic and MACD are oversold. Our 7 / 23 years moving averages are up with a PEI. UY is our main target.

On a quarterly basis, a bullish T2 is in progress.

On a monthly basis, the status for our 7 / 23 months moving averages is an A type bullish crossover. A PEI was not far away with our MACD.

Idea: The market to be on a long term basis

Bet: a type I is not ruled out.

R = UY (3049), +++; S = MM (2006)


Medium term: rise

On a weekly basis; UW / LW spread is a minimal one. A PEI is in progress with our moving averages.

Idea: could turn bullish with an oversold status for our MACD.

Bet: UW / LW spread will increase.

R = UW (2415); S = MW (2329), LW (2243).

Short term: neutral

On a daily basis, as long as LD proves to be a support, UD could be our first objective.

Idea: TAM will be up soon

Bet: Increase for UD / LD spread.

R = MD (2385), UD (2425); S = LD (2345).

Conclusion: decline below MW (2329).