it looks like the 20000 is the next big thing in the Nasdaq

Tech stocks are once again sought after by investors. The last two weeks have gone very well again and now we are again close to a new all-time high. From a fundamental point of view, the economic data is now improving again in the usa and the aid money is providing additional support.

If the economy and consumption now pick up speed again, then high demand will meet a small supply. Prices for almost everything are already on the rise, house prices and investment stocks such as shares are just the tip of the iceberg.

On the monthly chart, the PG could now finally prepare the breakout

A few weeks we are already above the trigger at 12393 points. The trigger was also already undercut but that was not sustainable. This small detour was again a chance to get into the upward movement. If we can close the monthly candle so positive, then it looks like a breakout into a much higher price range.

20K is my long term target on the upside. That sounds quite sporty at first, but it has very simple reasons. To determine targets, I like to use the fib expansions and an important level is exactly at the 20K mark. This is a long-term setup, similar to the dax.

On the daily chart you can see the reactions of the chart at the different levels of the expansions. The levels often serve as zones for a bounce and this can be used well for individual trades.

On the hourly chart you can also see the movement of the last time well. The bulls are back and with a lot of power. The individual formations in this movement I have marked times and everyone who looks often times on charts, which will have seen this also often times. Chart technique is a very good means in the financial world and that will probably not change so quickly.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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