I expect TQQQ to push higher past 113 on Friday 7/21. If the current trend continues and earnings are good there could be a really good chance to get a great buy on TQQQ. with it currently below 112. it's about a 1.1 percent difference in the current price. now is a great chance to buy the stock. As we can see the RSI is reaching a bottom on todays chart with the stock price moving lower, which indicates that it is a great buying chance. Up past 113 on Friday. You can expect the etf to reach a little lower today and get a good price at 111.7. After that expect a good ride up to 113.
Comment:
The ETF has broken trend and looking at the chart long term in hour intervals we see that the Relative Strength Index is high which means that for the long term there will be a new trend downwards until it reaches the longer trend support level. So it has a ways downward to go. This seems like the start of a slight correction.