Daily strategy, Signal of Investment

Musk Is Accused Of Manipulating The Stock Market! How Would NASDAQ Behave?

The three major US indexes rebounded sharply! How will the Nasdaq market behave?
【Operation suggestion】
Investors are suggested to marginal short when price near 12350, Target 11890, Stop-Loss at 12600.
An investor in Twitter has sued the company and its potential acquirer, Tesla CEO Elon Musk. Alleging the world’s richest man deliberately called the public into question about the proposed $44 billion takeover was part of his plan to effectively reduce transaction costs by manipulating the stock market. Coupled with the Fed’s tightening monetary policy, May and June may each raise interest rates by 50 basis points. Nasdaq is suggested to be marginal short after every rebound.
Judging from the daily level chart, the quotation is located in the lower track of Bollinger, which is favorable for the short side to intervene. The sub-index MACD’s rising kinetic energy is increasing, and the superposition of KD’s double-line upward is beneficial to investors high-throw for short.
*Information above belongs to 3rd party media comments, can only be used for references and doesn’t represent our platform’s opinion. Investors should maintain sole-determination, self-evaluation required and be responsible for their own action.

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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.

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