Stock index NASDAQ completes the trading week at 5686.1. NASDAQ continues to trade above the moving average with a period of 55, indicating a bullish trend for the NASDAQ. At the moment, the quotes of the stock index are moving near the upper boundary of the indicators strip Bollinger Bands. It is expected to test the average border of the indicator bars near the level of 5540.0, 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 5860.0.
NASDAQ weekly forecast on May 15 — 19, 2017
The conservative shopping area is near the lower border of the Bollinger Bands indicator strip at 5370.0. Canceling the option of continuing the growth of NASDAQ will be a breakdown of the moving average level with a period of 55, as well as the lower border of the indicator bars and the closing of quotations of the exchange index below the area of 5260.0, which indicates 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 5860.0.