Tech 100 index dropped approximately 4.5% from its recent ATH. This presents us with an attractive opportunity to go long from here. Technical indicators on the daily chart show that the price is now at its 50 EMA. Its a great pullback to buy from. Further downside is limited while the upside is substantial. How about Sell in May and Go Away? Well last 10 years show that statistically only 50% of the years have had a drop in may, so in reality other factors will drive the Tech100 index and it's constituents.
I am starting to accumulate here for the next high. Target 15,000. Are you?
I am starting to accumulate here for the next high. Target 15,000. Are you?
Related publications
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.
Related publications
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.