The current price: 12163
Key point: 12074
Our preferred direction: buying positions above 12074 levels, targeting 12530 as a first target, then 12911 as a second target
Alternative scenario: stop loss and change direction by breaking 12074, targeting 11900
Technical comment
The NASDAQ index reached support levels on the daily timeframe 11906-12074, with the presence of the continuation flag pattern for the bullish trend, so it is preferable to wait for the price to breach the bearish flag, and then rise again to 12911 levels
