Current price: 23800
Key point: 23550
Our preferred strategy: Buy positions above 23550 with a first target of 24000 and then a second target of 24500.
Alternative scenario: Stop loss and trend reversal upon breaking the 23400 level, targeting the 23250 level.
Technical commentary
The Nasdaq managed to rise from the support level of 23000 and then stabilize above the next support level of 23550, so it is expected that the index will continue to rise to the 24000 level, and if it breaks above it, the Nasdaq will then head towards the 24500 level.
