bullish
Charts to Watch #4
SUMMARY
- Nasdaq index is one of the biggest losers of the year: it is down almost 20% YTD. Now the tech index lies on a very interesting support
- In case the index will go below the support 12,000 could be the next interesting level. In any case I see the current price more as a buy area
- After one year of trading in a rectangle, finally Amazon made a breakout, but to the downside (after disappointing earnings and guidance). Not a great signal, and the stock will probably suffer for a while
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