$STXNDQ Satrix Nasdaq 100. Bull flag breakFlag break at 11728
Targets 12640 & 13500
Stop loss if we break back into this flag
STXNDQ trade ideas
TECHnically, you should be careful AS WELLBig break yesterday on the medium-term support line and although the share price finds itself in somewhat OVERSOLD according to the 14-day RSI, I would be staying clear for now over the shorter-term. The next support level is the 200-day Moving Average (EMA) at R103.11. If I was a short-term trader (which I’m not), last mentioned will also act as my stop-loss level as a break below this level most probably bringing back sub-100 levels. Should this turn out to be a false break, could see the share price test R114.
SATRIX NAS100 - Consolidation- Price has been consolidating and has formed a pennant shape
- The break will signal the direction of the next leg, bias remains to the upside (major trend)
JSE:STXNDQ
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.
STXNDQ Satrix Nasdaq 100 ETF. Head and shoulders forming ?This looks like it might be start forming a head and shoulders. The right shoulder is incomplete. The reason for the forming is mostly due to a weaker USD, and also in a smaller part because of a little weakness in this index. This is not a sell signal, just a heads up. I have no position, but am looking at this ETF for weakness as a starting point to get into this ETF.
