Nasdaq 100 Index Rebound and Support Level Analysis
- 1The Nasdaq 100 index has formed support levels in the 25,000 to 26,000 zone after a decline of approximately 15%.
- 2Historically, a strategy of buying during a decline of approximately 15% to 25% has been profitable.
- 3The 36% decline of the 2022 NDX over approximately 10 months is a case that investors worry about.
So what's the key point?
The Nasdaq 100 index is holding steady at a certain price range after falling about 15%. Looking at past cases, buying when the index has fallen this much has resulted in profits.
Source CNBC · View original ↗
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