NDX - Rising Trend Channel [MID TERM]
🔹NDX shows strong development within a rising trend channel in the medium long term.
🔹ND has risen strongly since the positive signal from the double bottom formation at the break through resistance at 12042.
🔹There is no resistance in the price chart and further rise is indicated.
🔹RSI is above 70 after a good price increase the past weeks.
🔹High RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
🔹ND has risen strongly since the positive signal from the double bottom formation at the break through resistance at 12042.
🔹There is no resistance in the price chart and further rise is indicated.
🔹RSI is above 70 after a good price increase the past weeks.
🔹High RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
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For more info:
Threads: threads.net/@wavepoint99
Telegram: t.me/Wel_99
TradingView: bit.ly/43y7zC6
Twitter: twitter.com/wavepoint99
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