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Blog post: 8th day of $QQQ short term up-trend; $ABNB finds support exactly at trend channel line (thank you Vas)

@ 10:36 pm
GMI6/6
GMI-27/9
T210853%

Let’s see if ABNB moves up after finding support exactly at its trend channel line and its lower 15.2 daily Bollinger Band. Vas leads the local Northern Virginia IBD Meetup. If you want to learn his amazing approach to technical analysis you may attend his monthly online presentations here. Vas presents to my class each semester his very useful approach to technical analysis.

5th day of $QQQ short term up-trend; With expectations of a strong hurricane season, it could be a good time to consider $GNRC

@ 9:30 am
GMI6/6
GMI-26/9
T210856%

GNRC has been consolidating its huge February gain after earnings. After 4 black and one green dot it may be getting ready to move up. The dots indicate bounces from oversold levels. Earnings are projected to grow +32% in 2021 and it has an IBD composite rating of 98 and an EPS rating of 95, ROE=34%.

Finding support at 10 week average, purple dotted line. Clearly a Yellow Band stock since its GLB in July.