January 8, 2012

QQQ Weekend update

  • Price staying above 57.62 levels will help bulls to extend gains.
  • 2nd chart shows price hitting the upper bollinger bands with Overbought Stochastic readings. Overbought readings may lead to a correction.
  • If the up move continues It may target the resistance line of a bigger contracting triangle pattern shown in 3rd chart. This resistance line for next week is around 58.60  to 58.70 levels approximately.
  • MSFT WEEKEND UPDATE
  • EXXON MOBIL ANALYSIS

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