PhiliciousP

NASDAQ back over 50-day moving average

Long
NASDAQ:IXIC   Nasdaq Composite Index
Nasdaq has gone up through 50-day moving average fairly strong. This indicates a good buying opportunity, and also together with the fact that the RSI has been down. From here on I would assume that the market is optimistic and we will test previous highs. The market seems to have priced in our potential new world we need to live in for a while and not even a second close-down looming seems to be a problem.
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