NASDAQ On its 4hour MA50! Buy!

On a one month frame this is the best buy opportunity on Nasdaq as it made contact with its 4hour MA50. Since the January 6th low that started this uptrend, the 4hour MA50 has been the most optimal level to buy.

Rises of +6% have been the most common throughout this uptrend so that's our expectation, even though we set as always our Target a bit lower at 13100. The Channel's Buy Zone is within the white layer, so there is still some room to go lower. In that case we will adjust the +6% and Target accordingly.

The RSI has also entered its Buy Zone.


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