Nasdaq Combined Composite Index shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has risen strongly since the positive signal from the double bottom formation at the break through resistance at 11482.
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The objective at 12697 is
now met, but the formation still gives a signal
in the same direction. There is no resistance
in the price chart and further rise is indicated.
In case of a negative reaction, the index has
support at approximately 13100 points. The
index is overall assessed as technically
positive for the medium long term.
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