TradeVulture.com

$QQQ: Triangle Breakout

BATS:QQQ   POWERSHARES QQQ TRUST
633 5 1
$QQQ Triangle forming. Trade the directional break out. Breakout to the upside, following some resistance ahead. RSI & Stochastics getting overbought on the daily. Expecting some consolidation and a reversal as long as no major bullish news is released.
Did you buy it based on this analysis? Are you expecting it to move up at this point? Thanks.
Reply
TradeVulture.com charttrader
4 years ago
I'm 100% technical (usually) short-term options trader and yes, but I'm very cautious here. Even though it did break out to the upside, I'm not convinced yet. I'm still expecting a rejection, but we'll have to play it by ear.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out