Technical analysis NAS100 for 30.09.2022
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
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 11200. The closest resistance is the level 11500
Key levels
- 12000, 11750, 11500, 11200, 10950, 10650
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 10950, with Take Profit of 10650 and Stop Loss of 11200
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 11200, with Take Profit of 11500 and Stop Loss of 10950
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.