🚨📈 NASDAQ 100 TAKES OFF, SPACEX & MICROCHIP LEAD THE RALLY 🚀🔥
The tech-heavy Nasdaq 100 index closed with a strong 1.16% gain, adding over 300 points to settle at 29,708. This aggressive upward momentum was primarily fueled by massive breakouts from two tech heavyweights: Space Exploration Technologies ($SPCX) and Microchip Technology ($MCHP).
The Rally Drivers:
SpaceX ($SPCX): Shares skyrocketed +15.83% to $133.48 after Argus Research officially upgraded the stock to a "Buy" rating, setting a bold $160 price target and boosting investor sentiment.
Microchip Tech ($MCHP): Jumped +13.89% to $85.97 after crushing its quarterly earnings estimates, reporting $1.48 billion in revenue and an EPS of $0.76 (beating the expected $0.70).
Technical Breakdown:
Following this bullish wave, the Nasdaq 100 is now setting its sights back on its all-time high resistance level at 30,754 points. If market conditions shift, the closest macro support levels to watch are at 25,771 and 22,844.
$SPCXB
#BinanceSquare #Nasdaq #WallStreetNews #stockmarket #TechStocks
The tech-heavy Nasdaq 100 index closed with a strong 1.16% gain, adding over 300 points to settle at 29,708. This aggressive upward momentum was primarily fueled by massive breakouts from two tech heavyweights: Space Exploration Technologies ($SPCX) and Microchip Technology ($MCHP).
The Rally Drivers:
SpaceX ($SPCX): Shares skyrocketed +15.83% to $133.48 after Argus Research officially upgraded the stock to a "Buy" rating, setting a bold $160 price target and boosting investor sentiment.
Microchip Tech ($MCHP): Jumped +13.89% to $85.97 after crushing its quarterly earnings estimates, reporting $1.48 billion in revenue and an EPS of $0.76 (beating the expected $0.70).
Technical Breakdown:
Following this bullish wave, the Nasdaq 100 is now setting its sights back on its all-time high resistance level at 30,754 points. If market conditions shift, the closest macro support levels to watch are at 25,771 and 22,844.
$SPCXB
#BinanceSquare #Nasdaq #WallStreetNews #stockmarket #TechStocks