Strong wave up incoming - likely NASDAQ:QQQ will shoot up towards end of the year with rate cuts incoming and it being an election year, plus technical-wise it has pulled back quite a bit and due for a wave up
Strong earnings surprise for previous few quarters, and strong uptrend intact as shown by 50 and 150SMA trend lines. Short term pullback is a great time to add onto current NASDAQ:GOOGL positions, 150SMA act as strong support at USD 160 also with forward EPS expected to be approx USD 8 it indicates a great value to add NASDAQ:GOOGL at USD 160 as it reflects...
Close to 4 years' long downtrend likely to persist until significant rate cuts, however it is likely to bounce up short term due to it being oversold.
Short term trend - Downwards, but likely to bounce up soon
Long term trend - Downwards
Touching the strong resistance line, likely to bounce up in the coming months on technical basis. Fundamentally it is strong in adoption and once the fed cuts interest rate by year end, money market funds and idle cash will start to flood into risk assets such as solana.
Tencent breaks out of channel resistance, bullish trend with 100EMA crossing 200EMA. Watching out for it to break the next resistance at 400HKD to confirm the long term bullish uptrend.
