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10.04.2025 10:14 AM
Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday April 10, 2025.
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From what is visible on the 4-hour chart of the Nasdaq 100 index, although there is currently a strengthening in #NDX, this is confirmed by its price movement moving above the WMA (30 Shift 2) which also has a slope that dives upwards and is supported by the appearance of Convergence between the #NDX price movement and the Stochastic Oscillator indicator, but because it is stuck at the current Bearish Fair Value Gap area level, the index has the potential to experience a weakening correction, but as long as it does not break through and close below the 16340.7 level, #NDX still has the potential to strengthen again to the 19939.7 level and if the volatility and momentum of its strengthening support it, the 20853.4 level will be the next target to be tested.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaTrade
© 2007-2025

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