first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Jonathan Smith | Friday, 28th February, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Jonathan Smith owns shares in Lloyds Banking Group. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Jonathan Smith As you are probably well aware, this week has been a horrid one for the FTSE 100 index. It has lost £152bn in value so far, putting it down 8% in trading this week in just four days. Why? Mostly due to negative sentiment from investors who, worried about the outbreak of the coronavirus, are pulling their money out of the stock market. This is because equities are seen as one of the higher risk asset classes, and so these funds will likely either be held as cash (seen as the lowest risk store of wealth) or possibly gold.For those who remain invested in the market, or who have excess free funds which they are looking to put to work, the big question is where is the market going to bottom out at? When will the falling knife hit the floor?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…These are very valid questions because if I had spare funds at the moment, I would be eyeing up buying into the FTSE 100. While I issue a disclaimer here, that no one can perfectly call the bottom or top of the market (just ask people who bought into Bitcoin at $20,000), we can look at some ideas.Technical analysisThis analysis is based on charting and patterns, with the assumption that in some form, history repeats itself. It also looks for previous levels of support or key resistance levels that have been important in the past.A key level of support is 6750 which is the low from 2019, followed by 6525 which was printed in 2018. Below that is no man’s land, with us then looking back to levels seen at the EU referendum in 2016. Should we manage to bounce off the support at 6750, then the FTSE 100 has plenty of room to retrace this move back higher, with 7000 being a large psychological resistance level now.Another gauge is the relative strength index (RSI). This highlights when the market is overbought or undersold, by running an algorithm. It can spit out a number between 0 and 100, with anything above 70 being overbought, and anything below 30 being oversold.Currently on a daily picture, it is at 15, the most oversold technically since February 2018 (when we last had a sharp sell-off). In 2018, we dipped to 14 before bouncing back to 49 just a few weeks later, which could indicate that we are nearly at the bottom this time in terms of how oversold the FTSE 100 is.Fundamental analysisAside from charts and numbers, what does the sentiment tell us? Well at the moment some of the stocks I keep a close eye on within the FTSE 100 are starting to look cheap from a valuation point of view. One example of this is Lloyds Banking Group, which is teetering very close to making a five-year low below the 50p mark. Is there anything tangible as to why Lloyds is performing so badly? Has the business recorded large losses recently, or surprised us with a poor trading update? Not at all. Therefore, from a fundamental point of view, I think this move lower is coming to an end, as company valuations are looking cheap.center_img How much further can the FTSE 100 stock index fall? Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images. last_img read more