When is the Turnaround in NASDAQ?
NAS100 Technical Analysis
The index, which has seen new record levels with the increase in risk appetite, is priced in the 17650 region as of noon today. In the index, which is approaching the resistance point of the upward channel, it is useful to be careful against sales pressures that may come from the 17700 region. If downward movements come to the agenda, 17600 and 17540 levels can be followed as support points.
Resistances: 17700 / 17750 / 17800
Supports: 17600 / 17540 / 17425
LVMH Technical Analysis
The stock is technically positive in the short term. If upward movements continue, 680.60 and 683.24, where the 20-day exponential moving average passes, can be followed as important resistance levels. If downward movements come to the agenda, the level of 671.76 and 666.94, where the 10-day exponential moving average passes, can be followed as important support levels. If the 666.94 level is crossed downwards, 658.48 can be targeted as another important support level.
Resistances: 680.60 / 683.24 / 691.32
Supports: 671.76 / 666.94 / 658.48
WAL-MART Technical Analysis
In case of a continuation of the upward movement in the stock, which closed positively yesterday, 163.30 and 164.20 can be followed as important resistance levels respectively. If the possible selling pressure increases, 161.40 level and 160.80, where the 10-day exponential moving average passes, can be followed as important support levels. If the 160.80 level is crossed downwards, 159.90, where the 20-day exponential moving average passes, can be followed as another important support level.
Resistances: 163.30 / 164.20 / 165.60
Supports: 161.40 / 160.80 / 159.90
WHEAT Technical Analysis
If upward movements continue in Wheat, which maintains its positive outlook in the short term, 603.35 and 609.60, where the 100-day exponential moving average passes, can be followed as important resistance levels. In case of downward movements, 596.00 and 591.10 can be followed as important support levels in the short term. If the 591.10 level is crossed downwards, 586.40 can be targeted as another important resistance level.
Resistances: 603.35 / 609.60 / 613.00
Supports: 596.00 / 591.10 / 586.40
COPPER Technical Analysis
Copper rose as high as 387.1 levels this week, breaking the 50, 100 and 200-day moving averages strongly. Currently, while pricing continues in this region, if the upward movement continues, the 390.00 level can be followed as a resistance point. In possible downward movements, the 384.50 level can be followed as a support point.
Resistances: 390,00 / 393.50 / 396.00
Supports: 384.50 / 380.00 / 374.00 Tags: Technical Analysis, Analysis, Forex