Bullish Momentum: NASDAQ Index Shifts Gears, Predicting a Favorable Upward Trend Ahead.
The NASDAQ index, which started with a strong decline from the Bearish zone two days ago, showed a weak buying intensity initially. However, as buying strength gradually increased, it ended the day with a very strong upward trend, entering the Bullish zone. This change in zone, driven by this flow, suddenly altered the overall direction of the predicted trend. Considering the predicted trend of the NASDAQ index to continue in the Bullish zone for the next two weeks, it appears that the downside risk will be limited. A favorable upward trend is expected to persist in the near future. Oct 09, 2023 ◆ Closed price 13,484.24 0.39% ◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy] ◆ Today's Buy-Sell intensity analysis The current trend appears to be 'Uptrend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a stronger LOW-price Finally, the CLOSE-price closed with