QQQ
Daily Report
A very interesting day for QQQ here is why.
1. QQQ breached the long term channel bottom intraday but closed back into the channel.
2. Broke resistance at 381 and closed below 2days in a row.
3. We have a bullish hammer on the daily.
4. The price is still below the 50day and the 100day moving average.
With all this said is QQQ done with the downtrend?
I would say that it is still not clear. QQQ must first recapture the 381 and then close above 390 level which is the fib golden pocket to be back in an uptrend. It is possible that QQQ rallies to the fib golden pocket which is at 390 and then move lower. But if closes above 390 QQQ is headed to new highs.
A very interesting day for QQQ here is why.
1. QQQ breached the long term channel bottom intraday but closed back into the channel.
2. Broke resistance at 381 and closed below 2days in a row.
3. We have a bullish hammer on the daily.
4. The price is still below the 50day and the 100day moving average.
With all this said is QQQ done with the downtrend?
I would say that it is still not clear. QQQ must first recapture the 381 and then close above 390 level which is the fib golden pocket to be back in an uptrend. It is possible that QQQ rallies to the fib golden pocket which is at 390 and then move lower. But if closes above 390 QQQ is headed to new highs.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.