Markets

Nasdaq 100 – Support held – Columns

Tuesday,
December 15, 2020
15:57

of onemarkets blog

| Views: 114

The Nasdaq-100® index came under significant pressure in the course of the previous week, but caught in the area of ​​the breakout level at 12,205 points and recovered from a daily low of 12,226 points on Thursday. The start of the new trading week was initially very friendly. In the further course of trading, however, the index gave up a large part of the gains. The bulls took their chance and held on to support at 12,205 points. Below that, it will be tight for buyers and momentum would fall. In the event of such a sell signal, the risk in the Nasdaq-100® amounts to a downward wave to 11,846 points. Further supports can be mentioned at 11,566 and 11,356 points. With the latter brand there is still a large gap in the price.

On the upside, the resistance remains at 12,510 points. Above this, the index could head for the all-time high of 12,651 points. If this is cracked, the way would be free to the projection target at 12,820 points.

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

old
Observation period: 08/24/2020 – 12/14/2020. 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)

old
Observation period: December 1, 2015 – December 14, 2020 Historical considerations 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 HR3LCQ 19.98 10.150 5.17 March 31, 2021
NASDAQ-100® index HR33YR
9.77 11,400 10.58 March 31, 2021
Source: HypoVereinsbank onemarkets; Status: December 15, 2020; 3:18 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 day
NASDAQ-100® index HR3YK9 15.19 14,375 6.81 March 31, 2021
NASDAQ-100® index HR2EFX
10.85 13,850 9.52 March 31, 2021
Source: HypoVereinsbank onemarkets; Status: December 15, 2020; 3:20 pm

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

Author: Bastian Galuschka

In the onemarkets blog, experts from HypoVereinsbank onemarkets and technical analysts from GodmodeTrader will tell you what will move the markets before the stock market starts. During the day, the editors keep an eye on the DAX, Dow & Co. for you and show you how you can benefit from the ups and downs with leverage products.
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