Market Analysis of NSDQ on Wednesday 27 September 2023

2023-09-27 19:26Fonte:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW     

 NSDQ has strong resistance 14873 to 15000 levels as green box marked in graph .At 14505  level double zigzag correction or irregular correction formed so it can fall below 14505 level and overall stop loss for downtrend is 15000 .Trend is negative now so selling is better with stop loss 15000 expecting downside targets 1580,15550 and 15505 respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

Short positions on U.S.-listed Chinese stocks jumped to the highest level in a year this month as the U.S. Federal Reserve's hawkishness on monetary policy pressured global markets, Morgan Stanley said.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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