The following is Technical Analysis for the Nasdaq ( NAS ) for 2/4/09Nasdaq Support & Resistance Levels - February 4, 2009
Resistance Levels: 1520.58, 1600, 1665
Support Levels: 1500,1480, 1434, 1400
http://stockcharts.com/ - Chart
The Nasdaq had another good day today, closing back over the 10 day moving average and testing the 50 day moving average. The most important thing is we are back over the 1500 level. A close back over the 50 day moving average would bring in more buyers. Support is at 1500 and 1480.
All eyes will be on Cisco's ( CSCO ) earnings due out Feb 4, after the close. This earnings report could be a market mover so watch it closely. Out of all the major averages, the Nasdaq is performing the best! For More Technical Analysis - Go Here
All eyes will be on Cisco's ( CSCO ) earnings due out Feb 4, after the close. This earnings report could be a market mover so watch it closely. Out of all the major averages, the Nasdaq is performing the best! For More Technical Analysis - Go Here
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