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Blog Post: Day 11 of $QQQ short term up-trend; QQQ is gaining strength, H+S top pattern no more; $IREN had a high volume retake of its green line, see daily and monthly charts.
IREN caught my eye when it hit an ATH on above average volume on Tuesday and closed back above its green line. Note the high volume GLB a few days ago. It has an IBD/MS COMP=94 and the ACC/DIS rating=A+, RS=99 and it is expected to become profitable this year.
IREN is a recent IPO and just broke its green line top from 11/2021. I like this monthly chart! It must not CLOSE back below its green line @28.25.
Blog Post: Day 8 of $QQQ short term up-trend; $QQQ held the head and shoulders neckline–but will it overtake the right shoulder?
Note QQQ held the neckline (purple line). If QQQ can close above its right shoulder, the head and shoulders topping pattern will have been invalidated. If it starts down before that, it could mean a significant decline is on tap. Tomorrow’s action may tell us.
