The following is Technical Analysis for the Nasdaq ( NAS ) for 2/9/09Nasdaq Support & Resistance Levels - February 9, 2009
Resistance Levels: 1600, 1665
Support Levels: 1530, 1500, 1476, 1434
http://stockcharts.com/ - Chart
The Nasdaq continues to break out and trade back to the 1600 resistance level. I expect 1600 to give the Nasdaq some problems but if it closes over this level for a few days we, could see a retest of the 1665.63 which was the early Jan 2009 high.
Support: Every time the Nasdaq has broken out well above the 10 and 50 day moving averages lately, it has always come back to retest them. I would be buying dips back to the 1500-1530 area. For more technical analysis - Go Here
Support: Every time the Nasdaq has broken out well above the 10 and 50 day moving averages lately, it has always come back to retest them. I would be buying dips back to the 1500-1530 area. For more technical analysis - Go Here
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