The Stock index NASDAQ completes the trading week at 5583.6. NASDAQ continues to trade above the moving average with a period of 55, indicating a bullish trend for the NASDAQ. At the moment, quotes of the stock index test the upper boundary of the bands of the indicator Bollinger Bands. It is expected to test the average border of the indicator bars near the level of 5480.0, where again we should expect an attempt to continue growth and further development of the bullish trend with the first target near the level of 5710.0.
Bollinger Bands forecast NASDAQ for May 1 — 5, 2017
The conservative buying area is near the lower border of the Bollinger Bands indicator bars at 5317.0. Canceling the option of continuing the growth of NASDAQ will be a breakdown of the moving average with a period of 55, as well as the lower border of the indicator bars and the closing of quotations of the exchange’s index below the area of 5210.0, which will indicate a change in the trend in favor of the bearish on the NASDAQ. In the event of a breakdown of the upper boundary of the indicator bands, it is expected to accelerate the growth of the exchange index in the area above the level of 5710.0.