Markets

Nasdaq 100 support confirmed

The Nasdaq-100® Index should decline further recently, which the index did. The techs fell to the support at 11,566 points, but where it stabilized. The gap at 11,356 points in the chart remained open. In yesterday’s trading, the index closed another price gap, this time on the upside at 11,818 points. The recovery could initially continue today, with the index hitting the downtrend line since the all-time high around 12,000 points. There the index is again susceptible to setbacks. Ideally, the sellers strike back at this point and then cause at least a second test of the support at 11,566 points, or even better, to close the price gap at 11,356 points.

Above 12,000 points, on the other hand, potential in the direction of 12,205 points could be derived. From the point of view of the bulls, this resistance needs to be overcome so that the chart image brightens up again. New all-time highs become conceivable in this bullish scenario.

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

Observation period: August 27, 2020 – November 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 (logical candle chart display)

Observation period: November 1, 2015 – November 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 date
NASDAQ-100® index HR1J32 12.46 10,450 8.11 December 15, 2020
NASDAQ-100® index HR1J2D 17.32 9,875 5.83 December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 11/12/2020; 1:42 pm

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 8.98 12,950 11.25 December 15, 2020
NASDAQ-100® index HR11F4 15.28 13,700 6.61 December 15, 2020
Source: HypoVereinsbank onemarkets; Status: 11/12/2020; 1:44 pm

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The Nasdaq 100 post – support confirmed first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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