Long
Nas100 Long
The NAS100 daily candlesticks are trading in their bullish channel between the upper blue and red bands. Yesterday's candle has a lower shadow, connoting buying off the lows.
The hourly chart also showing signs of strength. The trend-following EMAs have crossed up, and it looks as if the momentum-based stochastic is about to follow suit (black ellipses). If it crosses, then a move to the upper quintile (blue arrow) suggests an underlying upwards momentum may be setting in.
The hourly chart also showing signs of strength. The trend-following EMAs have crossed up, and it looks as if the momentum-based stochastic is about to follow suit (black ellipses). If it crosses, then a move to the upper quintile (blue arrow) suggests an underlying upwards momentum may be setting in.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.