The following is Technical Analysis for the Nasdaq ( NAS ) for 2/5/09Nasdaq Support & Resistance Levels - February 5, 2009
Resistance Levels: 1525, 1600, 1665
Support Levels: 1500, 1476, 1434, 1400
http://stockcharts.com/ - Chart
The Nasdaq continues to hold up strong in a tough stock market, 1500 seems to be solid but Thursday we could have problems due to the poor guidance out from Cisco tonight. Futures are tanking!
Technically, 1476 is the area to watch since we bounced off this low on Monday. A break below 1476 could set up for a retest of the Jan low of 1434.
As soon as the Nasdaq can stay over both 10 and 50 day moving averages, it can really start to recover. Go Here
Technically, 1476 is the area to watch since we bounced off this low on Monday. A break below 1476 could set up for a retest of the Jan low of 1434.
As soon as the Nasdaq can stay over both 10 and 50 day moving averages, it can really start to recover. Go Here
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