Technical analysis NAS100 for 24.01.2024
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 17400. The closest resistance is the level 17500
Key levels
- 17575, 17500, 17400, 17300, 17100
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 17500 and Stop Loss of 17400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 17400, with Take Profit of 17300 and Stop Loss of 17500
Scenario
Recommendation
BUY
Entry Point
Take Profit
17500
Stop Loss
17400
Key Levels
17575, 17500, 17400, 17300, 17100
Alternative scenario
Recommendation
SELL STOP
Entry Point
17400
Take Profit
17300
Stop Loss
17500
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.