The Nasdaq continues to exhibit a strong bullish trend with a stable price movement within an upward channel on the 1-hour timeframe. The market’s consistent formation of higher highs and higher lows reflects robust buying sentiment, with any corrections appearing merely as healthy pauses within the main trend. This pattern indicates that the market is maintaining solid optimism, which could lead to a continuation of the rally if buying pressure remains intact.
From a technical standpoint, the Nasdaq’s upward trajectory is reinforced by its price consistently staying above the rising Moving Average. As long as the MA acts as a dynamic support and the price remains stable within the bullish channel, further upside potential remains very much alive. The clean trend structure and controlled volatility provide a strong foundation for the index to sustain its positive performance in the short term.
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The strengthening momentum becomes further validated as the MACD stays in the positive zone, signaling that buying pressure remains dominant. The combination of a solid bullish channel, a Moving Average confirming an upward trend, and supportive MACD creates a strong case for a continuation of the rally. Market attention is now focused on the resistance level at 25,920, which is a crucial threshold to determine whether the Nasdaq can extend its rally towards higher territories.
Technical Reference: buy as long as above 25,720
Potential Take Profit 1: 25,882
Potential Take Profit 2: 25,920
Potential Stop Loss 1: 25,755
Potential Stop Loss 2: 25,720
