Technical analysis NAS100 for 07.12.2023
07.12.2023 17:06
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 lower border of the cloud. The closest support is the top of the cloud
Key levels
- 16540.00, 16350.00, 16160.00, 15580.00, 15330.00, 15110.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 16160.00, with Take Profit of 16350.00 and Stop Loss of 15890.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 15580.00, with Take Profit of 15330.00 and Stop Loss of 15890.00
Scenario
Recommendation
BUY STOP
Entry Point
16160.00
Take Profit
16350.00
Stop Loss
15890.00
Key Levels
16540.00, 16350.00, 16160.00, 15580.00, 15330.00, 15110.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
15580.00
Take Profit
15330.00
Stop Loss
15890.00