Current price: 19700
Key point: 19480
Our preferred direction: Buy positions above 19480 levels with 20100 as a first target and then 20300 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 19480 level, targeting the 19200 levels.
Technical commentary
The Nasdaq index is moving in an upward direction on the four-hour frame from the bottom of last August from the support levels of 17225, breaking through the triangle formed
By remaining above the support levels of 19480-19630 and above the 200-day moving average, the index is expected to continue rising to levels of 20300.
