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QQQ - Breakout Falling Trend [MIDTERM]

Long
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)  
wavepoint99  
NASDAQ:QQQ   Invesco QQQ Trust, Series 1
Trend Analysis Chart Patterns Technical Indicators QQQ breakout failling Double Bottom neutral medium-term
2
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trendanalysis chartpattern indicator qqq breakout failling doublebottom neutral medium-term
- QQQ has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- QQQ has given a positive signal from the double bottom formation by a - break up through the resistance at 295.
- Further rise to 327 or more is signaled.
- QQQ has support at 295 and resistance at 320.
- Overall assessed as technically neutral for the medium long term.

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