Markets

Nasdaq 100 – there is the monster gap!

As already explained on Wednesday at this point, due to the fact that four of the heavyweights in the Nasdaq-100® index presented their quarterly report yesterday after the market closed, there was a high gap with a gap for today’s Friday to count. Since all four companies were convincing, there was also a gap in the course. The Nasdaq-100® is priced around 200 points above yesterday’s closing price.

From a technical point of view, the index overcomes the trigger at 10,780 points and approaches the all-time high at 11,069 points. Only a breakout above this brand would seal the end of the consolidation within the multi-month trend channel and release potential towards 11,640 points.

On the underside, the 10,530 point mark has emerged as an important support in recent days. Should this support break, a sell-off towards the 10,307 point mark could be expected. Only when the price falls below this level will expansion of the consolidation become more likely. The next downward targets in this case are 10,155 and below 9,950 points.

Nasdaq-100® in points on the daily chart; 1 candle = 1 day (log. Candle chart)

Viewing period: 28.05.2020 – 30.07.2020. Historical considerations are not reliable indicators of future developments. Source: Guidants

Nasdaq-100® in points per month; 1 candle = 1 month (log. Candle chart)

Period of observation: July 1, 2015 – July 30, 2020 Historical considerations are not reliable indicators of future developments. Source: Guidants

Investment opportunities

Turbo Bull on the NASDAQ-100® index for speculation on an increase in the index

UnderlyingWKNAsk price/ EURBase price / knock-out in pointsleverFinal valuation day
NASDAQ-100® indexHZ20X024.408,0253.7808/31/2020
NASDAQ-100® indexHZ20Y615.959,0255.7708/31/2020
Source: HypoVereinsbank onemarkets; As of July 31, 2020; 3:16 p.m.

Turbo Bear on the NASDAQ-100® Index for speculation of a loss in the index

UnderlyingWKNAsk price/ EURBase price / knock-out in pointsleverFinal valuation day
NASDAQ-100® indexHZ2UV1
5.0011,47518.4408/31/2020
NASDAQ-100® indexHR032G9.8212,0509.3908/31/2020
Source: HypoVereinsbank onemarkets; As of July 31, 2020; 3:18 p.m.

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The Post Nasdaq 100 – There is the monster gap! first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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