• Tech stocks are having a hard time recently, as QQQ is still in a short-term congestion between the previous resistance at $284.45 (Oct 5, 6, 25 and 26 top area) and the first retracement, the 38.2% around $273;
• In addition, the 21 ema is flat now, indicating a lack of definition;
• Only if QQQ loses the 38.2% retracement it’ll resume the bear trend and seek the next support levels, which could be the next retracements or even the previous bottom at $254;
• However, in order to reverse the trend and become bullish again, it must break the $284 area. This multiple resistance area is the most important key point on QQQ for the short/mid-term;
• By breaking this resistance, the previous gap (yellow square) would be the next target;
Remember to follow me to keep in touch with my analyses!
• In addition, the 21 ema is flat now, indicating a lack of definition;
• Only if QQQ loses the 38.2% retracement it’ll resume the bear trend and seek the next support levels, which could be the next retracements or even the previous bottom at $254;
• However, in order to reverse the trend and become bullish again, it must break the $284 area. This multiple resistance area is the most important key point on QQQ for the short/mid-term;
• By breaking this resistance, the previous gap (yellow square) would be the next target;
Remember to follow me to keep in touch with my analyses!
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.