Traders are watching this Double Bottom on NDAQ. Inspect the chart now.
Reversal pattern after a downtrend.
Traders are watching Nasdaq, Inc. (NDAQ) as price action tightens. The stock is trading at $82.24, down 1.26% on the day. Price action has carved out a classic Double Bottom. Volume is strong (2.24x avg) with moderate trend strength (40.6). A potential breakout level is identified at $93.6, targeting $105.95 with support near $87.43 (R:R 2.0).
What is your outlook on NDAQ?