Technical analysis NAS100 for 13.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 12530.00. The closest support is the level 12110.00
Key levels
13140.00, 12830.00, 12530.00, 12110.00, 11880.00, 11690.00
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 12530.00, with Take Profit of 12830.00 and Stop Loss of 12250.00
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 12110.00, with Take Profit of 11880.00 and Stop Loss of 12250.00
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.