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Breach of resistance could mean a start of a bullish trend on NAS100

NAS100 has broken through a resistance line of a Ascending Triangle and suggests a possible movement to 15424.7667 within the next 5 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 22 hours.

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