The following is Technical Analysis for the Nasdaq ( NAS ) for 1/06/08
Nasdaq Support & Resistance Levels - January 6, 2009
Resistance Levels: 1640, 1675
Today's Biggest Gainers - Top 2009 Stock Gainers
The Nasdaq held its ground today on fairly low volume but 1600 seems to be a strong support level. If you get a break of 1600, next support level would be the 10 day moving average which is currently at 1557.
Resistance for the Nasdaq at this point is 1640 and the 1675 area.
Today was the second day of closing above 1600 which is Very Bullish!
The Nasdaq held its ground today on fairly low volume but 1600 seems to be a strong support level. If you get a break of 1600, next support level would be the 10 day moving average which is currently at 1557.
Resistance for the Nasdaq at this point is 1640 and the 1675 area.
Today was the second day of closing above 1600 which is Very Bullish!
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