The following is Technical Analysis for the Nasdaq ( NAS ) for 2/20/09Nasdaq Support & Resistance Levels - February 20, 2009
Resistance Levels: 1500, 1535
Support Levels: 1434, 1400
http://stockcharts.com - Chart
The Nasdaq set another weekly low today at 1442.53 but continues to hold the January low of 1434. If 1434 is broken, I think the Nasdaq will test 1400.
A close above 1500 would be viewed as bullish as this is a major resistance level now.
The Nasdaq is still trading well above the November 21st low while all the major averages are testing the lows right now....this is a positive sign if there was one. For More Technical Analysis - Go Here
A close above 1500 would be viewed as bullish as this is a major resistance level now.
The Nasdaq is still trading well above the November 21st low while all the major averages are testing the lows right now....this is a positive sign if there was one. For More Technical Analysis - Go Here
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