- The Nasdaq 100 gained 0.09% at the close of trading, remaining within yesterday’s trading range.
- Dollar Tree (DLTR) is up 7.73% today after a plunge that hit March 2020 lows.
- Tesla (TSLA) shares are up 4.90% at the close of trading.
The Nasdaq 100 hit a session low of 18,788, finding buyers that took the index to a daily high of 19,101. Currently, the Nasdaq 100 is trading at 18,929, gaining 0.09% on the day.
Tesla (TSLA) and Dollar Tree (DLTR) lead the Nasdaq 100 into positive territory
Elon Musk-owned electric car maker Tesla has seen its stock price rise by 4.90%, trading at $230.17 and reaching highs not seen since July 31.
On the other hand, Dollar Tree (DLTR) shares rose 7.72%, trading at $68.47 at the close of trading. This rebound comes after falling 22.16% yesterday, reacting negatively to its quarterly report.
Technical levels on the Nasdaq 100
The Nasdaq 100 has reacted to the downside at a resistance located at 19,936, given by the high of August 22nd which converges with the 78.6% Fibonacci retracement. We see a first support at 17,775, low of August 8th in convergence with the 23.6% Fibonacci retracement. The next key support is at 17,272, pivot point of August 5th. The relative strength index is at 43.48, below the 50 midline, showing that selling pressure is still active and with clear intentions to visit the next support near 18,000.
Nasdaq 100 daily chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
