Indicators Prevails, NASDAQ Buyers Itching To Have A Go
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US Economic Prevails, Would NASDAQ Bounce With It?
Aggressors are recommended to consider short-term Long after market price up-crossed 14022, Take-Profit at 14158, Stop-Loss by 13928.
Non-Aggressors are advice to wait for more secure entry.
The initial result of the U.S. Markit Manufacturing PMI (Purchasing Managers Index)(Feb) recorded at 57.5, higher than market expectations of 56. In addition, the initial value of the Markit service industry PMI in February has scored with 56.7, also higher than the forecast of 53. On top of that, FHFA House Prices(Dec) made 1.2%, again higher than the expected 1%. Private statistics shown the housing prices, manufacturing and service industry-related employees are gradually regaining confidence in the future industry boom. As the data advances, NASDAQ investor’s confidence has finally returned. Overall, NASDAQ’s probability of rebound gradually increased,. Investors can tends to operate along the trend for the Bull rush.
In 1Hr range, the candlestick would possibly form the doubled-bottom rebounding tendency, what favors to the layouts apt Bull. KD uptrend, attracting Buyers to seek for the best entry. In short, a swaying rebounding outlook for NASDAQ.
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