Traders are watching this Rectangle on NDAQ. Inspect the chart now.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Consolidation. Can break either way.
Bullish continuation pattern.
Traders are watching Nasdaq, Inc. (NDAQ) as price action tightens. The stock is trading at $89.96, down 0.06% on the day. Price action has carved out a classic Rounding Bottom. This setup is supported by average volume turnover. A potential breakout level is identified at $93.63, targeting $106.26 with support near $87.31 (R:R 2.0).
What is your outlook on NDAQ?