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NASDAQ - Potential "short" technical note

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Barry Dumas
Nasdaq19Mar.png

I will be looking to place a short trade on the NASDAQ as it seems to be breaking out of a rising wedge formation. I am looking for a close below the 6953 level before entering my short trade.

Trade: NASDAQ

  • Entry (Sell): 6953
  • Stop loss: 7075
  • Target price 1: 6886
  • Target price 2: 6794

Nasdaq19Mar.png

 Source: Bloomberg

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