Nasdaq 16/10/2021 by Newbie Trading Channel

Nasdaq 16/10/2021 15100 , 15400 resistants

Nasdaq 5/10/2021 by looking at the chart, Nasdaq is at the uptrend channel support area + earlier RST turned into SPT area but if want to confirm this , Nasdaq need to have a strong reversal bullish engulfing candle . It is not easy to know a bottom until a higher low is formed . Hence we still need to be cautious at this moment and only look for stocks that have strong fundamental that we don't mind to hold over the long run.
Trend Analysis

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