Low of bounce must hold. Note the GLB, green line break-out, last December.
Incredibly strong weekly advance. Now bouncing off of 10 week average.
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Blog Post: Day 44 of $QQQ short term up-trend; $QQQ has black dot, oversold bounce, see daily chart and list of 16 strong stocks that had a black dot on Tuesday
I bought some TQQQ on Tuesday. Learn about my black dot indicator in my 2024 Meetup presentation listed on the webinar tab of my blog. Use the box below to subscribe to my blog and follow my tweets @wishingwealth.
These stocks met my criteria for technically strong stocks that are up at least 50% the past year, hit an ATH in the last 10 weeks and had a black dot, or oversold bounce. If I buy such a stock I place my sell stop just below the low of the past 2 days.
Blog Post: Day 42 of $QQQ short term up-trend; GMI remains Green and registers 6 (of 6); $QQQ remains in a short term up-trend but found resistance on Friday at its upper 15.2 daily Bollinger Band; waiting for dots, see daily chart
Friday’s decline came on markedly increased trading volume. With earnings season over we may get a post-earnings lull until late March? A black or blue or green dot (oversold bounce) might signal the beginning of a new move up. Time will only tell…. Check out my dot indicators by going to the Webinars tab on this blog and selecting my 2024 Meetup presentation.
