wavepoint99

QQQ - Breakout Falling Trend [MIDTERM]

Long
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
- QQQ has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- QQQ has given a positive signal from the double bottom formation by a - break up through the resistance at 295.
- Further rise to 327 or more is signaled.
- QQQ has support at 295 and resistance at 320.
- Overall assessed as technically neutral for the medium long term.

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