Investment Recommendations May 23rd | Hacked: Hacking Finance
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Investment Recommendations May 23rd

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Investment Recommendations May 23rd

Introduction

This article was posted on Tuesday, 15:51, UTC.

NASDAQ 100: Short-Term Sell (Update)

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NASDAQ 100 Futures, 4-Hour Chart Analysis

The NASDAQ has been trading in close vicinity to the 5675 level since our recommendations, as it held up to its gains well despite the previous deep correction. The tech index still lost its relative strength compared to the S&P 500, and it failed to hit a new high, so far, this week. The benchmark might be forming a double top formation, with the 5725 level providing resistance currently.

Our recommendation remains intact, with the stop-loss level still slightly above the 5750 level. Our recommendation remains intact, with the stop-loss level still slightly above the 5750 level. The persistent internal weakness of the US markets points to a deeper correction in the coming months, but another push to new highs is still possible.

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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