Current price: 25855
Key point: 25800
Our preferred strategy: Buy positions above 25800 with a first target of 26000 and then a second target of 26255.
Alternative scenario: Stop loss and trend reversal upon breaking the 25700 level, targeting the 25400 level.
Technical commentary
The index is moving in an upward direction from the support level of 24880, and with a break above the 200 moving average on the four-hour timeframe and with a break above the 25700 level.
The Nasdaq is expected to continue its upward trend to the 26,000 level and then to the 26,255 level.
