The Nasdaq continues to exhibit a robust bullish trend, maintaining its position within a strong bullish channel. In the latest session, the index successfully held its ground in higher territory, supported by key technical indicators that signal favorable conditions.
The Moving Average (MA) reflects a medium-term upward trend, while the MACD indicator reinforces the bullish momentum with a positive histogram and the MACD line consistently above the signal line.
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In line with the one-hour chart analysis, the 15-minute chart also reveals buy signals, as the MA indicates an upward trajectory and the MACD sits in positive territory, adding to the likelihood of further increases. Should the scenario play out as expected, the Nasdaq has the potential to test the resistance level at 21,740.
Technical Reference: buy as long as above 21,474
Potential Take Profit 1: 21,700
Potential Take Profit 2: 21,740
Potential Stop Loss 1: 21,520
Potential Stop Loss 2: 21.474
