Buy opportunity on NAS100As we have clearly observed from this region from previous interaction, there is a fair amount of buying pressure on it. Price came back to test this zone once more and held above it quite convincingly, leading me to deduce that there could be enough orders to drive us into a nice buy move.
Should we cross the zone let us be stopped out early should the zone no longer hold, but as for now expecting buys
Nas100buy
NASDAQ 100 intraday look for 9810Our intraday pivot is at 9520
our preference: long positions above 9520 with targets at 9740 and 9810 in extension
Alternative scenario: below 9520 look for a further downside with 9387 and 9293 as targets
comments: the immediate trend remains up and the momentum is still very strong.
Support and resistance:
9885-R
9810-S
9740-R
9657-S
NB: never risk more than 3% of your account on a single trade
Nasgoldpros. com for signals
NAS100 - BUY NowIn 1 chart middle bollinger band work as a support line and price is moving to upper bollinger band. In 4 chart 50 EMA is working as a support. 50 EMA is below the 150 EMA which giving us a bullish confirmation.
Daily chart shows its bullish trend as well and RSI line is crossing the 50 level.
TP's & SL is up to you.
Note: Trade at your own risk and no any fundamentals are involved.
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