NASDAQ:TQQQ   PROSHARES TRUST ULTRAPRO QQQ USD
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I was bullish on TQQQ- I still believe that it will continue to set records this year. But if you have been playing this since the dip, you are sitting on 20% or more of profits. The RSI is 63 nearing a risky oversold area for my taste. The 9 day EMA is $170.50, which would be quite the drop . There could be a bounce off the 9ema and price to break its previous high. Maybe sell some of your shares or hold on for a break out play. Personally, I think i will average down as shown on the graph.
I have started to recover already from the dip few weeks ago, seems Trumps Tarriffs did not affect the Market. I will look at this one too maybe gets to 30 RSI ill jump in
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Brotank77 Dudleydogg
@Dudleydogg, patience pays off. Looking at the previous oversold plays on this etf, jumping in around rsi 30 and selling around rsi 60 offers 20% returns if not more. It did break its previous high yesterday, which could carry it up further, but I dont know how high it will go before a correction- risk to reward, looks like more to loose than to gain especially this volatile market where bad news can send the market into a sell off.
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