QQQ Forms A 15 Min Ascending Triangle That May Help Send Techs Higher
With the techs rising after Apple's magnificent earnings, it looks like the techs might continue to move up. Provided the QQQ can break above the 15 min ascending triangle.
The above is the 15 min chart of QQQ.
A possible 15 min ascending triangle might be forming and a breakout might help to send tech stocks higher for 1-2 days. The area to watchout will be the lows of the ascending triangle. If QQQ breaks below it, then some correction might happen.
The 60 min chart above of QQQ shows that it is still in a 60 min uptrend. It broke above a 60 min ascending triangle and thus the techs moved up. Short term resistance is the former highs.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
- If you like this article, consider starting the Stock Market Course. It is free and jam packed with great information for newbies.
- Want to have updates on the financial markets? Join my Telegram Channel. Dstockmarket.com Channel.
- Help support this page and press the Facebook Like button below. Thanks!
Recent Articles
-
Technical Analysis Lessons From OKA Corp Stock Chart
Aug 17, 18 05:07 AM
In this lesson we will take a look at the technical developments of OKA Corp's stock price and why it moved the way it did. We will also have a look at what might happen to OKA's stock price.
-
Technical Analysis Lessons From BMY Stock Chart
Aug 16, 18 07:28 AM
In this lesson, we will learn how and why BMY manage to bottom out and start a new uptrend.
-
Technical Analysis Lessons From Pentamaster's Stock Chart
Aug 14, 18 08:19 AM
In this lesson we will learn and examine why Pentamaster was able to recover all of its losses to start a new uptrend and achieve new highs.
-
Technical Analysis Of KLCI August 13 2018
Aug 13, 18 05:56 AM
The KLCI is currently at resistance territory after a nice big rally. I would consider a sideways trading a possible scenario at the moment.
-
Technical Analysis Lessons From AAPL's 15 Min Stock Chart
Aug 13, 18 05:22 AM
In this lesson, we will learn how AAPL's 15 Min stock chart formation help to send the stock higher for 2-3 days to give traders a nice swing trading opportunity.
New! Comments
Have your say about what you just read! Leave me a comment in the box below.