April 17, 2011

QQQ Bull Flag and a Diamond

  • QQQ has  a Bullf flag pattern and a Diamond pattern in daily chart.
  • 50 DMA  is moving flat for sometime now So a big breakout on either direction is possible soon.
  • If price sustains above 50 DMA we will see the Bull Flag Breakout. 
  • If price stays below 50 DMA we will see the Diamond breakdown.
  • GOOGLE DESCENDING TRIANGLE BREAKDOWN

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