Current price: 24830
Key point: 24550
Our preferred strategy: Buy positions above 24550 with a first target of 25200 and then a second target of 25500.
Alternative scenario: Stop loss and trend reversal upon breaking the 24400 level, targeting the 24100 level.
Technical commentary
The Nasdaq managed to break through the downtrend line from the peak of last March, breaking through the resistance levels of 24550, and is expected to continue its rise to reach the levels of 25200 and then the levels of 25500.
