24 Apr 2020
Nasdaq Price Analysis: Bulls eyeing the 9000 mark, bullish
- Nasdaq recovery remains for now intact.
- The level to beat for buyers is the 8800 resistance.
Nasdaq daily chart
Following the coronavirus-related crash, the Nasdaq is recovering sharply while trading above the main SMAs on the daily chart.
Nasdaq four-hour chart
The bullish recovery remains in place as the market is looking for a break above the 8800 level en route for a test of the 9000 mark with a potential run to the 9400 level. On the flip side, Support can emerge near the 8520 and 8310 levels
Additional key levels