The NASDAQ index has begun to show signs of life. At least, the past trading day ended on a positive note for buyers. The price, albeit marginally, managed to grow. However, this movement is still insufficient to complete the corrective structure. There is a high probability that in the next trading day, we will see a continuation of cautious upward movement.
The observed growth may be targeting the midpoint of the previously formed downward wave. This is sufficient to justify holding or opening additional buy trades at current market values.
Investment idea: BUY 19850, SL 19450, TP 20700.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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