The Nasdaq continues to exhibit robust upward momentum, with its ongoing weekly rally showing no signs of slowing down. The index is performing positively, indicating potential for further gains fueled by favorable market conditions.
During the European trading session, the Nasdaq remains stable at elevated levels, bolstered by technical indicators. The Moving Average (MA) illustrates an upward trend, while the MACD sitting above the signal line reinforces confidence that this index could push even higher.
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In line with the one-hour chart analysis, the 15-minute chart above also provides a buying signal as the MA trends upwards and the MACD remains in positive territory, enhancing the potential for an increase. According to current scenarios, there is an opportunity for the Nasdaq to rise and test the resistance level of 21,960.
Technical Reference: buy as long as it stays above 21,720
Potential Take Profit 1: 21,920
Potential Take Profit 2: 21,960
Potential Stop Loss 1: 21,780
Potential Stop Loss 2: 21,720
