weve retraced about to the .5 and if we see a bounce here a tightening range is the most likely scenario which is my bias long here according to qqe, rsi
five g stocks benefit from the creation of fiveg lines. the sale of fiveg capable phones shouldnt drop, so id imagine additional 5g lines are going to be opened. this inflation and rate hike sentiment will get priced in, and we should see a bounce from technical levels.
either were in for immediate continuation of the breakout pattern to above the 42 area or, if the nasdaq isnt doing as well, a pullback to revisit the 40.5 area
This is a safe play no matter how you look at it, as long as you are willing to let it run its course as 5G gets bigger.
*NOT A DAY TRADE PLAY*
*STEADY LONG TERM*
Founded in 2018, Defiance ETFs is an exchange-traded funds (ETFs) sponsor and registered investment advisor focused on thematic investing.
Looks like FIVG is going to the 24-25 price range... As an ETF that tracks 5G related stocks, on the long term should be a great investment. A good entry point soon? What do you think?
