Current price: 25120
Key point: 25000
Our preferred strategy: Buy positions above 25,000 with a first target of 25,200 and then a second target of 25,400.
Alternative scenario: Stop loss and trend reversal upon breaking the 24900 level, targeting the 24600 level.
Technical commentary
The Nasdaq managed to rise from the pivotal support level of 24600 and then broke through the resistance level of 25000, with the index expected to continue its rise to the levels of 25200 and then the levels of 25400.
