Nasdaq is Nearing to the Lower Line of the Trend Channel
Burc Oran
February 17, 2021
Nasdaq Mini Generic, Hourly

Nasdaq futures can’t get past 13775 resistance to the upside after yesterday’s fall. The lower line of the bullish trend will be important in the short-term for Nasdaq. If the price breaks the 13692 to the downside, the sell-off may extend to either 13605 or 13400. But as long as the trend channel holds, more upward surge can be expected. 13900-13965 zone may become a possible target if the price becomes steady over the 13775.

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