QQQ POSSIBLE REVERSAL INTO NEW CHANNEL
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
Komen:
CLICK THE PLAY BUTTON TO SEE HOW THIS PLAYED OUT!