(Nas100) it is not what you think!
It is not what you think, but what the big guys think! 12000 might not be the bottom.
Hey everyone!
Let's take a look at Nas100 and see what is currently shaping up. The index has really faced a critical moment the past few months, leaving so many speculations among investors as to where the bottom will be before it skyrocket again. I had to take a moment to look at the index thoroughly, also evaluating the performance of major tech stocks that influences the direction of the index. I have a feeling that the bearish move on Nas100 is not yet over and we can still expect further decline towards the 200 simple moving average which aligns with our next support around 11000 (November 2020 low). I think the big whales are eyeing this level.
I also attached the chart of one of the giant tech stocks that I find to influence the direction of Nas100- Tesla.
What we see below is a larger correction and it seems like tesla has to fall to the support of this larger correction. If so happens, then we have no doubts that Nas100 will continue facing downward pressure in the coming days.
Do you have any suggestion or opinion? Please be kind to write it in the comment section below.
Do also consider showing your support of the idea with likes.
Tesla chart
Hey everyone!
Let's take a look at Nas100 and see what is currently shaping up. The index has really faced a critical moment the past few months, leaving so many speculations among investors as to where the bottom will be before it skyrocket again. I had to take a moment to look at the index thoroughly, also evaluating the performance of major tech stocks that influences the direction of the index. I have a feeling that the bearish move on Nas100 is not yet over and we can still expect further decline towards the 200 simple moving average which aligns with our next support around 11000 (November 2020 low). I think the big whales are eyeing this level.
I also attached the chart of one of the giant tech stocks that I find to influence the direction of Nas100- Tesla.
What we see below is a larger correction and it seems like tesla has to fall to the support of this larger correction. If so happens, then we have no doubts that Nas100 will continue facing downward pressure in the coming days.
Do you have any suggestion or opinion? Please be kind to write it in the comment section below.
Do also consider showing your support of the idea with likes.
Tesla chart
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