$Invesco QQQ Trust-ETF(QQQ)$ T-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Invesco QQQ Trust-ETF(QQQ)$

Technical Analysis of QQQ

Daily trend: consolidating between 383 and 394.

Weekly trend: strong bullish uptrend after bottoming in October and breaking out of previous 2023 high of 387

Volume: Average volume the past 10 trading days

RSI: Daily RSI close to oversold levels but can remain elevated for some time.

Bollinger band: Width is contracting indicating a large move is impending. This is not necessarily bearish as stock price can follow or touch repeatedly the upper band for some time

MACD: Turned negative on 1 Dec but it is a lagging indicator and trend looks like it is turning positive soon

Seasonality: Bullish bias going into the close of 2023 a pre-election year.

Price target: Likely to test ATH of 408 in the coming 2 weeks

Suggested action: Lean strongly into the trend once price action breaks out of the current consolidation with good volume

Modified in.2023-12-09

Technical Hunter

Technical analysis: Classic chart patterns for stock picking.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This is not necessarily bearish as stock price can follow or touch repeatedly the upper band for some time </p>\n<p>MACD: Turned negative on 1 Dec but it is a lagging indicator and trend looks like it is turning positive soon</p>\n<p>Seasonality: Bullish bias going into the close of 2023 a pre-election year. </p>\n<p>Price target: Likely to test ATH of 408 in the coming 2 weeks</p>\n<p>Suggested action: Lean strongly into the trend once price action breaks out of the current consolidation with good volume</p>\n<img src=\"https://community-static.tradeup.com/news/e339b775613d282c3a9f420b0cdfb6c4\" tg-width=\"1179\" tg-height=\"3334\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ Trust-ETF(QQQ)$&nbsp;</a><v-v data-views=\"1\"></v-v>\n<p></p>\n<p><br></p>\n<p><b>Technical Analysis of QQQ</b></p>\n<p>Daily trend: consolidating between 383 and 394.</p>\n<p></p>\n<p>Weekly trend: strong bullish uptrend after bottoming in October and breaking out of previous 2023 high of 387</p>\n<p>Volume: Average volume the past 10 trading days</p>\n<p>RSI: Daily RSI close to oversold levels but can remain elevated for some time. </p>\n<p>Bollinger band: Width is contracting indicating a large move is impending. This is not necessarily bearish as stock price can follow or touch repeatedly the upper band for some time </p>\n<p>MACD: Turned negative on 1 Dec but it is a lagging indicator and trend looks like it is turning positive soon</p>\n<p>Seasonality: Bullish bias going into the close of 2023 a pre-election year. </p>\n<p>Price target: Likely to test ATH of 408 in the coming 2 weeks</p>\n<p>Suggested action: Lean strongly into the trend once price action breaks out of the current consolidation with good volume</p>\n<img src=\"https://community-static.tradeup.com/news/e339b775613d282c3a9f420b0cdfb6c4\" tg-width=\"1179\" tg-height=\"3334\"></body></html>","text":"$Invesco QQQ Trust-ETF(QQQ)$ Technical Analysis of QQQ Daily trend: consolidating between 383 and 394. Weekly trend: strong bullish uptrend after bottoming in October and breaking out of previous 2023 high of 387 Volume: Average volume the past 10 trading days RSI: Daily RSI close to oversold levels but can remain elevated for some time. Bollinger band: Width is contracting indicating a large move is impending. This is not necessarily bearish as stock price can follow or touch repeatedly the upper band for some time MACD: Turned negative on 1 Dec but it is a lagging indicator and trend looks like it is turning positive soon Seasonality: Bullish bias going into the close of 2023 a pre-election year. Price target: Likely to test ATH of 408 in the coming 2 weeks Suggested action: Lean strongly into the trend once price action breaks out of the current consolidation with good volume","highlighted":1,"essential":2,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/250199459053856","repostId":0,"isVote":1,"tweetType":1,"viewCount":679,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["QQQ"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":743,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/250199459053856"}