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For the current price: 12992
Key point: 13212
Our preferred direction: selling positions below 13212 levels, targeting 12912 as a first target, then 12813 as a second target
Alternative scenario: stop loss and change direction by breaking 13212, targeting 13350
Technical comment
On the four-hour chart, the NASDAQ was unable to breach the resistance level 13212, so it is expected to break the bullish channel from last month's bottom, to reach the support levels 12911-12813
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