NASDAQ100 20 February Analysis
As is commonly known in the world of trading, Mondays tend to be low volatility days. With the added closure of US banks today, this Monday is expected to be an ultra-slow or low volatility day. However, Monday is still a favorable day for intraday traders.
From my perspective, I believe that the Nasdaq100 may be range-bound on Monday. A good support zone or buy zone is expected to be between 12200 and 12250, while a good resistance zone for selling is likely to be found between 12350 and 12450. It is worth noting that the big supports and resistances lie at 12000 and 12850 respectively.
It is important to keep these levels in mind when trading as they can help traders make sound decisions and reduce exposure to risk. To maximize profits, it is advisable to trade within these support and resistance zones. However, it is also important to have a well-thought-out trading strategy and risk management plan in place to ensure that traders do not take on undue risk.
In conclusion, traders are urged to proceed with caution and trade according to these levels. Wishing you all the best in your trading endeavors.
From my perspective, I believe that the Nasdaq100 may be range-bound on Monday. A good support zone or buy zone is expected to be between 12200 and 12250, while a good resistance zone for selling is likely to be found between 12350 and 12450. It is worth noting that the big supports and resistances lie at 12000 and 12850 respectively.
It is important to keep these levels in mind when trading as they can help traders make sound decisions and reduce exposure to risk. To maximize profits, it is advisable to trade within these support and resistance zones. However, it is also important to have a well-thought-out trading strategy and risk management plan in place to ensure that traders do not take on undue risk.
In conclusion, traders are urged to proceed with caution and trade according to these levels. Wishing you all the best in your trading endeavors.
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