What's up guys,
Lets take a look at the
QQQ.
-Price is trying to break out from the downtrend and above the 9 and 21 day moving averages.
-RSI making higher lows which (bullish divergence).
-MACD ticking upwards and signal lines are about to cross.
-If we continue to move up above the 9 and 21 moving averages, price can possibly follow that new channel to the upside.
Let me know what you think in the comments!
Cheers!
-DP
Lets take a look at the
QQQ.-Price is trying to break out from the downtrend and above the 9 and 21 day moving averages.
-RSI making higher lows which (bullish divergence).
-MACD ticking upwards and signal lines are about to cross.
-If we continue to move up above the 9 and 21 moving averages, price can possibly follow that new channel to the upside.
Let me know what you think in the comments!
Cheers!
-DP
Note
CLICK THE PLAY BUTTON TO SEE HOW THIS PLAYED OUT!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.