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
May 05, 22 10:24 AM
What is the market doing and what is it likely to do?
Apr 27, 22 09:01 AM
As we enter April, will we continue to move higher or will there be a correction coming?
Apr 13, 22 11:46 PM
Apple is one of those stocks that we should look at almost every day. The reasons is because it is a component of the Dow Jones, the S&P 500 and the Nasdaq.
Apr 12, 22 09:38 AM
Here are a list of stocks that are at their 50 MA and 200 MA. The 50 day moving average and 200 day moving average can be a support area where stocks bounce off
Apr 12, 22 09:34 AM
Here are a list of stocks that have broke out or about to break out. Breakout stocks can often give us a good reward to risk ratio.