US Tech 100 Index (Nasdaq 100) Analysis

Jan 13

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The US Tech 100 Index (Nasdaq 100) is showing potential for a bullish reversal after testing the key support zone near 20,200. Price action suggests a descending channel breakout with a strong likelihood of upward momentum towards resistance levels at 21,200 (TP1) and 21,750.

Technical Analysis:
The price is rebounding from a key support zone (20,200), marked by increased demand.
A potential breakout from the descending channel signals a trend reversal.

Resistance levels at 21,200 and 21,750, while the stop-loss is set below the key support at 20,200.

Fundamental Analysis:
Recent developments in the tech sector and potential market optimism into 2025 support the bullish bias. Watch for macroeconomic news or earnings reports that may influence sentiment.

Trade cautiously and confirm breakout signals before entering long positions.

NOTE: This Analysis For Educational purpose only trade safe thanks

Jan 15

Trade closed: target reached