Technical analysis NAS100 for 23.02.2022

Intraday
Technical

The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart

The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 13890. The closest resistance is the level 14105

Key levels

  • 14645, 14310, 14105, 13890, 13725, 13475

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 13890, with Take Profit of 14105 and Stop Loss of 13725

Alternative scenario

  • Recommended opening short positions (Sell Limit) from the level of 14310, with Take Profit of 13890 and Stop Loss of 14400
Scenario
Recommendation
BUY LIMIT

Entry Point
13890

Take Profit
14105

Stop Loss
13725

Key Levels
14645, 14310, 14105, 13890, 13725, 13475
Alternative scenario
Recommendation
SELL LIMIT

Entry Point
14310

Take Profit
13890

Stop Loss
14400
Nikolai Krishtopov
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo

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.