Markets

Nasdaq 100 – Saved Again

The Nasdaq-100® Index fell below the support zone between 11,606 and 11,566 points on an intraday basis in yesterday’s trading, but quickly recovered above it. This created a bullish daily reversal. Nevertheless, the Nasdaq-100® lagged the other two major US indices.While the last minute reversal was important yesterday, the bulls have gained little so far. The first hurdle in the chart awaits at 11,843 points, and even cross resistance at 12,034 points. Only when this second barrier has also been cleared can one look increasingly upwards again to 12,235 and 12,439 points.

Anyone who wants to play the long side should hedge positions closely. Because on the underside, further lows could cause great damage. In this case, it must be doubted that the index will stop at the EMA50 at the current 11,400 points. A first important target zone for this bearish scenario is between 11,282 and 11,243 points.

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

Observation period: August 26, 2020 – October 22, 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 1st, 2015 – October 22nd, 2020 Historical considerations are not reliable indicators for future developments. Source: Guidants

Investment opportunities

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 date
NASDAQ-100® index HR1T3R 18.86 9,450 5.23 10/30/2020
NASDAQ-100® index HR1J2D 15.27 9,875 6.46 December 15, 2020
Source: HypoVereinsbank onemarkets; Status: October 23, 2020; 3:08 pm

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 date
NASDAQ-100® index HR1J5Q 10.89 12,950 9.06 December 15, 2020
NASDAQ-100® index HR11F4 17.21 13,700 5.74 December 15, 2020
Source: HypoVereinsbank onemarkets; Status: October 23, 2020; 3:10 p.m.

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The contribution Nasdaq 100 – Saved again first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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