Markets

Nasdaq 100 – It’s getting tight for the bears

There is currently a strange mood among technology stocks. The music is currently playing elsewhere. What is needed are the stocks that the market has punished in the wake of the corona crisis. But the Nasdaq-100® Index does not want to fall that much either. More or less listlessly, he pushes himself up step by step. The decision between a second downward wave towards 11,566 points or a breakout to the upside should not be long in coming. With the rise above the downtrend line since the all-time high, the buyers have shown the flag, the index is still stuck under a hurdle at 12,034 points. This has to fall, then the way to 12,205 and above 12,439 points would be free.

On the downside, the index could pick up speed, especially if the 11,846 mark break, and fall to the important support at 11,566 points. The EMA50 will also be available there shortly. A second mainstay in this area would be helpful for further ambitions of the buyer, the fundamentals would be much better in such a scenario. Currently there is neither fish nor meat in the index. The bearish variant is still slightly favored.

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

Observation period: July 20, 2020 – November 17, 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 17, 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 HR1J32 12.85 10,450 7.86 December 15, 2020
NASDAQ-100® index HR1J2D 17.70 9,875 5.70 December 15, 2020
Source: HypoVereinsbank onemarkets; As of: 11/18/2020; 3:10 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 date
NASDAQ-100® index HR1J5Q 8.46 12,950 11.92 December 15, 2020
NASDAQ-100® index HR11F4 14.73 13,700 6.85 December 15, 2020
Source: HypoVereinsbank onemarkets; As of: 11/18/2020; 3:12 pm

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The Nasdaq 100 Post – It’s Getting Close to the Bears first appeared on onemarkets blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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