Nasdaq Priced Near Record Highs
NAS100 Technical Analysis
The Nas100 futures index contract, which moves horizontally near record levels, has a slightly sellers course at noon today. If the retracements continue, 17580 and 17490 can be followed as support levels. In the case of recovery trends, 17725 and 17785 can be followed as resistance levels.
Resistances: 17725 / 17785 / 17880
Supports: 17580 / 17490 / 17420
PAYPAL Technical Analysis
If the upward movements in the stock, which closed above the short-term averages yesterday, continue today, 64.04 and 64.92 can be followed as important resistance levels. In downward movements, 63.00 and 62.55, where the 5-day exponential moving average is located, can be followed as important support levels. If the 62.55 level is crossed downwards, 61.95 can be targeted as another important support level.
Resistances: 64.04 / 64.92 / 65.62
Supports: 63.00 / 62.55 / 61.95
MARVELL Technical Analysis
If the downward movements continue today in the stock, which has continued its negative negative course since the beginning of the week, 66.04 and 65.36 can be followed as important support levels. In upward movements, 67.71 and 68.63 can be followed as important resistance levels. If the 68.63 level is crossed upwards, 69.82 can be targeted as another important resistance level.
Resistances: 67.71 / 68.63 / 69.82
Supports: 66.04 / 65.36 / 64.67
WHEAT Technical Analysis
Technically, 590.50 and 586.50 can be followed as support levels if downward movements continue in wheat, which is priced downwards at noon. In case of possible upward movements, 596.00 and 599.50, where the 50-day exponential moving average is located, can be followed as resistance levels.
Resistances: 596.00 / 599.50 / 602.50
Supports: 590.50 / 586.50 / 584.00 Tags: Technical Analysis, Analysis, Forex