Technical Analysis: NASDAQ, INC (#NDAQ)

Nasdaq, Inc. is an American and transatlantic multinational financial services corporation that owns and operates (and is listed on) the Nasdaq stock market and eight European Stock Exchanges, including the Armenian Stock Exchange, Copenhagen Stock Exchange, Helsinki Stock Exchange, Iceland Stock Exchange, Riga Stock Exchange, Stockholm Stock Exchange, Tallinn Stock Exchange, and NASDAQ OMX Vilnius


#NDAQ has been trading in the channel $ 127 - $ 133 channel during the summer time.

As of today, we see an ascending triangle taking place: lower lows have been reported since 30 September 2020, pushing the stock to resistance area of $127.


Considering previous movements, when #NDAQ overcame the 50MA this gave positive momentum to the upside.


From a technical perspective, in addition to the ascending triangle that is bringing the stock within the channel, we also see a MACD that is sloping up. The MACD is indeed surpassing the 0 level, leading us to think that a positive momentum is approaching.

RSI at 53 gives a stock at a reasonable price, when room to grow.


For the near future, we can expect #NDAQ to retest the upper end of the channel

Buy price $ 127.20

1st target: $ 129.15

2nd target: $ 133.19

Stop loss: $ 125.00




OTB Global Investments

1 December 2020


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