The next two weeks will be quite interesting for large - cap NASDAQ stocks like $ AMZN, $ GOOG, and $ PCLN, as they attempt to hold or
reclaim important support levels.
Yesterday's (June 19) intraday low, the 20 - day exponential moving average (20 - day EMA), and the 200 - day moving average (200 - day MA) should all act as
important support levels for the Nasdaq.
«We are looking at two
important support levels - $ 1,307 followed by $ 1,300,» said Naeem Aslam, chief markets analyst at Think Markets.
Otherwise, a breakdown below
that important support level could signal the pattern needs a few more months to work itself out.
The price is currently trading near
an important support level at $ 0.2060.
In the chart above,
important support levels are drawn in green and a resistance level is drawn in red at August's closing price of $ 177.69.
When a stock or an index rallies back above
an important support level and can't hold it that is negative and -LSB-...]
In the chart above,
important support levels are drawn in green and a resistance level is drawn in red at August's closing price of $ 177.69.
Gold has sold off hard in recent days and
important support levels have been breached.
Important support levels are now found at $ 100, $ 80, $ 64, and $ 56.