Top pane - Chinas CQQQ vs QQQ ,as you can see, we have entered a "potential" period of outperformance...This is more of an early hint I would say and not yet conclusive/confirmed. Middle pane- individual chart CQQQ Bottom pane- individual chart QQQ I would like to also see CQQQ break above it's long term DTL on its individual chart but we do see the...
An Ascending Megaphone can be seen, broken down, price has now reached .236. An area which was previously seen as resistance now it can be seen as support
Looking at the CQQQ on monthly. Getting close to the bottom of the channel and the MACD is looking like it could start rounding up on that trend line. To add some counter argument, it looks like a giant elliott wave. We could see it break the channel and see a correction.
I'm bearish on US growth tech because of the extreme valuations I'm somewhat bullish on China, in terms of its value versus the US market China debt:gdp is lower than the US and China is taking steps to tighten its credit Whilst this has resulted in a market correction In the longterm i think it's a better approach I'd look to dca into this, especially if we...
AMEX:CQQQ At 4H, they broke through the 100MA and buried themselves in the additional resistance level = 74. A local rollback is possible, but after that the growth will continue. Or it will reach 100MA on 1D and the first target and then retest the level 74, unloading local indicators to continue to grow on the rest of the targets. Having also reached the second...
Looks like more manipulation on the cqqq. Look to buy at the bottom of the channel.
rather probable cqqq to qqq movement of price: cqqq to rise against qqq
Baak on March *th I posted this chart warning of a break of trendline wave 3 Since then it has drifted lower while building a sweet bear flag, Simple risk-reward setup. Short on a break stop of it pops back into the bear flag, No break no trade. Remember this is my diary you all get to peek in on. :) that means my analysis is on going to track my progress....
China Tech (CQQQ) has been in a massive bull channel for 8 years. Every 25% drop or more has been a buying opportunity. Will it be the case this time? Higher rates in the US with a stronger $ are typically bad for Emerging markets. Is China still an emerging economy is debatable, but my view is higher rates in US attracts $s leaving other economies fighting for $...
CQQQ just broke through year long up trend line and looks to revert back to long-term (slower paced) trend channel.
I'm long (and upside down). That said I think the 200SMA at 80 is a bottom worst case, and a new run up over 118 is being pointed at by the daily stoch, rsi, and .786 Fib line Best of luck. Playing with stop losses to prevent further losses in case the daily loses to the weekly. Weekly Worry *NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
CQQQ is a at a critical support level. Most of the news coming from China on the deadly virus has had an impact on investor sentiment and the ETF has seen a dip from our earlier identified level of potential resistance to a new level of expected support We can see when we apply the Gann fan, the price has moved beautifully in the range and has tested the...
In continuation to my previous chart on CQQQ, price has continued to move up in the channel and broken the previous resistance of 52.30, which will now act as immediate near-term support levels for the ETF Meanwhile, price continues to make higher highs and higher lows, indicating current trend is upwards Chart is self-explanatory Important Support and resistance...