NASDAQ have retraced 50% and has taken support from there, also its at the lower part of Parallel channel.
Expecting a strong pullback from and trend reversal from here on.
It would also mean a pullback for IT/Tech stocks across the world which are suffering from last several months.
Verdict: Seems like a good time to go long on IT stocks.
Expecting a strong pullback from and trend reversal from here on.
It would also mean a pullback for IT/Tech stocks across the world which are suffering from last several months.
Verdict: Seems like a good time to go long on IT stocks.
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