No significant changes are currently observed in the stock market either. The NASDAQ index, after a period of strong volatility, is gradually calming down, as reflected in the decreasing volatility. This is a clear sign of a forming correction.
In the near future, the price may consolidate in a narrow range, followed by an attempt to move further upward toward the previously established high. However, it is unlikely that buyers will be allowed to reach that level. It is expected that the price will fall short of that value, followed by another wave of sell-offs.
Therefore, in the current situation, the market allows for entering long positions with a fairly good movement potential.
Investment idea: BUY 18300, SL 17700, TP 21000
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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