Medium term view - NASDAQ COMPOSITE : The moving average is supporting prices.
The trend is still bullish, the invalidation level is below 7,428.00 pts. The target is at 8,468.00 pts.Arguments :
- The resistance has been reached, price reaction is very shy. It does not justify a negative opinion.
- The moving average is supporting prices.
- The measuring gap, opened in the middle of the rally, reinforces the bullish trend.
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