Hi guys, we would take a look into the NASDAQ 100 today.
Currently we have some of the biggest companies which will show their Q4 earnings by the end of January, just to name a few - Microsoft,AMD,Netflix,Google,JP Morgan,BlackRock,TSM,Tesla
These companies represent a very big portion of the NASDAQ Composite, and if they deliver some great numbers this would give the necessary boost that we need to push the price towards our target.
Currently from a fundamental perspective these earning calls , would end up providing the necessary benefitiary to boost up the prices , due to the sheer volume that would be generated.
From a Technical perspective : We can see that the price is currently situated on a very strong support level, with an additional boost from the RSI indicator which is showcasing a formulation of an Ascending pattern ahead.
Entry: 21,135
Target 1: 21,500
Target 2: 21,855
Target 3: 22,350
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!