Technical analysis NAS100 for 28.02.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 38650. The closest resistance is the level 38850

Key levels

• 39100, 38850, 38650, 38450, 38100

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 38650, with Take Profit of 38450 and Stop Loss of 38850

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 38850, with Take Profit of 39100 and Stop Loss of 38650