The NAS100 ticker, representing the NASDAQ-100 index, is presently trading at a significant high, situated at the upper edge of its trading channel. This positioning suggests a potential resistance point or a reversal in its upward movement. Breaching this upper edge could signify a breakout to new highs or a possible retracement back within the established trading range.
🚨 Next Level: 16500 - 16800; proceed with caution
1️⃣ Previous correction level
2️⃣ RSI nearing 75
3️⃣ Slim chances for new buyers
4️⃣ Profit-booking level for existing buyers
Stay sharp, traders! 📊💼 #TradingTips #StockMarket