nasdaq weekly technical analysis for 21 to 25 march 2016
NASDAQ index this week closed with gain. This was fifth gaining week for this index. Weekly chart price trend is down but momentum is strong bullish. NASDAQhad achieved my give target 4725 and now heading towards second target of 4895. Short term chart indicators are entering overbought zone so long traders must stay cautious and trail stop loss to their profitable positions.