Blog post: Day 5 of $QQQ short term up-trend; GLB–$NAVI; beware September

GMI6/6
GMI-27/8
T210852%

Daily chart shows that NAVI broke above its green line top on above average volume on Friday. It is 2.6 times its price a year ago.

Monthly chart shows that NAVI peaked and formed a green line top  in December, 2014.

Weekly chart shows that NAVI has closed above its 10 week average (blue dotted line) since December 2020. It is a consistent yellow band stock with its 4wk>10wk>30wk averages.

The GMI is at 6 (of 6) and Green. I am still concerned that September could fulfill its reputation as the  worst month for the market. Check out my TraderLion conference presentation listed on the topics/webinars  tab at the top of this blog page.

 

 

 

 

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