Technical analysis NAS100 for 28.10.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward 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 crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 11635.70. The closest support is the level 11085.80
Key levels
- 12177.80, 11973.10, 11635.70, 11085.80, 10754.10, 10433.40
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 11635.70, with Take Profit of 11973.10 and Stop Loss of 11350.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 11085.80, with Take Profit of 10754.10 and Stop Loss of 11350.00
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.