• 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;
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• 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!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.