Markets

Nasdaq 100 – The gap is closed

The Nasdaq-100® index worked off the downward arrow drawn in the last analysis in yesterday’s trading in one wash. The index fell below the supports at 11,069 and 10,997 and closed the gap at 10,908 points. In an industry comparison, the technology stocks were particularly weak on Tuesday.

Before the trading session, the Nasdaq-100® is again given a friendly rating. Today’s trading day should bring a short-term preliminary decision with it. If the imminent price gains are given up again and the index falls to new consolidation lows, the index should have seen its highs for a long time to come. Giving up 10,780 points would probably only be a first stage in this scenario. 10,307 points would be a possible major consolidation target.

On the other hand, if the bulls counter yesterday’s weakness and manage to lift the index back above 10,997 and 11,069 points, this danger would be averted for the time being. In this case, the all-time high of 11,282 points would come closer again.

From a trader’s point of view, it is advisable not to necessarily anticipate such an important decision, but to wait and see. You can still act afterwards.

Nasdaq-100® in points on the daily chart; 1 candle = 1 day (logical candle chart display)

Observation period: May 28, 2020 – August 11, 2020. Historical considerations are not reliable indicators for future developments. Source: Guidants

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

Observation period: 08/01/2015 – 08/11/2020 Historical observations are not reliable indicators for future developments. Source: Guidants

Investment opportunities

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

Underlying WKN Ask rate/ EUR Base price / knock-out in pts. lever Final valuation day
NASDAQ-100® index HZ20X0 24.98 8,025 3.72 08/31/2020
NASDAQ-100® index HZ20Y6 16.50 9,025 5.63 08/31/2020
Source: HypoVereinsbank onemarkets; Status: 08/12/2020; 3:04 p.m.

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

Underlying WKN Ask rate/ EUR Base price / knock-out in pts. lever Final valuation day
NASDAQ-100® index HZ2UV1
4.46 11,475 20.85 08/31/2020
NASDAQ-100® index HR032G 9.33 12,050 9.97 08/31/2020
Source: HypoVereinsbank onemarkets; Status: 08/12/2020; 3:06 pm

You will find leverage and investment products for speculation on an upward or downward movement or sideways movement of the DAX® here. With the new HVB knock-out trading tool On Guidants you will be able to find the right product for your trading strategy at the click of a mouse under the risk-reward perspective. Try it!

NEW: Get a majority of your trading costs back! Place orders as usual through your broker or bank. Activate cashback via the free Cashbuzz app. A credit of up to 50 euros per trade from 1,000 euros is made in a few days – up to a maximum of 250 euros per month. More information at: www.onemarkets.de/cashback

Please note the important information and the disclaimer.

This information does not constitute investment advice, but an advertisement. The public offer is made exclusively on the basis of a securities prospectus approved by the Federal Financial Supervisory Authority (“BaFin”). Approval of the prospectus is not to be understood as a recommendation to purchase these UniCredit Bank AG securities. Only the prospectus including any supplements is relevant and the Final Terms. It is recommended that you read these documents carefully before making any investment decision in order to fully understand the potential risks and opportunities when making an investment decision. You are about to acquire a product that is not easy and can be difficult to understand.

How the HVB products work

The post Nasdaq 100 – The Gap is closed first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that has been recognized by third parties in the “News” section of this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” label below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.

Related Articles

Back to top button