The Nasdaq-100® index continues to fluctuate strongly, but has moved up again in the past two trading days, starting from an important support zone. Only a procyclical buy signal has so far been denied the index.A rise above the resistance at 11,566 points would be considered positive and would release potential to 11,840 points. Again above that, the Nasdaq-100® could head for the all-time high of 12,439 points in the fourth quarter.
On the other hand, if the Nasdaq-100® gives up the support area between 11,282 and 11,243 points, it should close the gap at 11,177 points. If there is no stabilization there, too, there is a risk of significant losses that could initially push the index down to 10,780 and then towards the EMA200 at almost 10,000 points.
Before the trading session, the index was friendly. It would be important for the bulls to confirm prices above 11,566 points as clearly as possible using the weekly closing price.
Nasdaq-100® in points on the daily chart; 1 candle = 1 day (logical candle chart display)
Observation period: July 22nd, 2020 – October 8th, 2020. Historical considerations are not reliable indicators for future developments. Source: Guidants
Nasdaq-100® in points on the monthly chart; 1 candle = 1 month (logical candle chart display)
Observation period: October 1, 2015 – October 8, 2020 Historical observations are not reliable indicators for future developments. Source: Guidants
Turbo Bull on NASDAQ-100® Index for speculation that the index will rise
|Underlying||WKN||Ask rate/ EUR||Base price / knock-out in pts.||lever||Final valuation day|
|NASDAQ-100® index||HR1J2D||14.57||9,875||6.74||December 15, 2020|
Source: HypoVereinsbank onemarkets; As of: October 9, 2020; 11:28 am
Turbo Bear on NASDAQ-100® Index for speculation that the index may lose value
|Underlying||WKN||Ask rate/ EUR||Base price / knock-out in pts.||lever||Final valuation date|
|NASDAQ-100® index||HR1J5Q||11.75||12,950||8.36||December 15, 2020|
|NASDAQ-100® index||HR11F4||18.10||13,700||5.43||December 15, 2020|
Source: HypoVereinsbank onemarkets; As of: October 9, 2020; 11:30 a.m.
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The contribution Nasdaq 100 – Patience is still required first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).
Author: Bastian Galuschka
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