Technical analysis NAS100 for 19.05.2022

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. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 11725. The closest resistance is the level 12075

Key levels

• 12965, 12625, 12325, 12075, 11725, 11400

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 12075, with Take Profit of 11725 and Stop Loss of 12325

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 12325, with Take Profit of 12625 and Stop Loss of 12075