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Home ANALYSIS

NASDAQ index now down over 325 points

A.R Chowdhury by A.R Chowdhury
September 4, 2020
Reading Time: 1 min read
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NASDAQ index now down over 325 points

Selling intensifies in the tech sector

The NASDAQ index continues to tumble. It is currently down 341 points or -2.84% at 11713.

Selling intensifies in the tech sector_

Looking at the hourly chart, the price has now moved below its 50 hour moving average at 11726.335. The break now targets the lower trendline near 11645. The 38.2% retracement of the move up from the August 11 low targets 11573.127. The 100 hour moving averages at 11462.01 and moving higher.

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A.R Chowdhury

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