PhiliciousP

Nasdaq Getting close to 12056

Long
NASDAQ:IXIC   Nasdaq Composite Index
Nasdaq is getting close to its previous high at 12056. I believe we will break it and possibly move up to 12300 then get a dip down again as the RSI will be high at those levels. My strategy is to hold now and wait for RSI to go high. There´s a strong momentum now and the previous dangerous touch to 50-day moving average is long gone. NASDAQ need to go above 12056 to confirm up-trend which means buying the dip to come(because it will) is probably a good strategy. Good luck:)!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.