Daily Market Analysis 24.01.2023: US100

Instrument: US100

Technical Analysis

Bullish Preference:  
A Buy position is envisaged if the price trades above 11704.79 with take profit at 11734.44
Bearish Preference: 
A Sell position is envisaged if the price trades below 11642.70 with take profit at 11614.61
None with high impact

The tech-heavy Nasdaq 100 index has gained nearly 6.2% in 2023. Shares of some megacap companies – which include those grouped outside of tech in sectors like communication services and consumer discretionary – have shot higher, with Amazon, Meta Platforms and Nvidia posting double-digit percentage increases.

Analysis: SCRUM Team

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