US tech stocks reveal pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The surge of the United States tech stocks continues, as in early 2024 the 50-day simple moving average provided support and by March the 18,000.00 mark was already passed. Meanwhile, it has been spotted that the almost half-year old surge has been occurring in an ascending wedge pattern.

In the near term future, the index could look for support in the 18,000.00 mark, the lower trend line of the ascending pattern. A sudden passing below the trend line is expected to result in the stocks looking for support in the combination of the 17,500.00 level and the 50-day simple moving average.

On the other hand, a resumption of the surge is bound to be slowed down by the 18,500.00 level and the upper trend line of the pattern. The index is expected to bounce off resistance, consolidate and then continue on, unless the broader global fundamentals like interest rates don't change.
Back to articles

Actual Topics

Tue, 05 Mar 2024 14:48:36 GMT

US top stocks surge in channel

The top 500 market capitalization US stocks have been surging in a channel up pattern since November. Most recently, the 5,100.00 level was passed. A continuation of the surge is expected to be slowed down by the upper trend line of the channel pattern. Each time it acts as resistance it causes sideways price moves that can last up to

Fri, 16 Feb 2024 13:08:08 GMT

Microsoft trades in channels

Microsoft has overtaken Apple as the world's most value company. Microsoft has continued to gain due to growing cloud and AI services sector. However, Apple appears to have lost market share in China, as the Chinese consumers switch to local produced smartphones. This article concentrates on the Microsoft tech chart. From a technical perspective, Microsoft is surging in two large

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.