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...
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...
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
$...
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...
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...
Chinese Tech vs US Tech | I don’t know if you’ve had a look at the relative/ratio chart of Chinese Technology Sector Stocks (CQQQ) vs US Technology Sector Stocks (QQQ). My review of the chart sees China tech starting to outperform US tech on a relative basis. A major two-year downward trend line has been breached, with the price finding support on it’s 100-day...
AMEX:CQQQ on daily charts is trying to finds its wings to fly, awaiting clear direction
I have showed a few cases here, where after a significant up-move, we had a double top formation and also bearish divergence on the RSI, indicating high probability that the uptrend may end and fizzle out and then after a significant downside, price formed a double bottom,...
As seen on the weekly charts, CQQQ seems to be changing directions. Bullish divergence seen recently as indicated in the chart and price getting into an uptrend, recent week high also broken and price now eying the 52.31 level breakout.
Important to see a retest and look out for price retracing and confirmation of uptrend if price makes a higher low than the most...
Hi Friends , breakout on daily time frame on AMEX:CQQQ .
Look at the breakout with the Green candle peeping out of the triangle formation. RSI and ADX both showing strength (DM crossover the DM- but ADX still weak, but looks like gaining strength.
Watch out for possible retest of the newly found support line ( earlier resistance line) for a possible throwback...
Arca
