January 2, 2013

QQQ Chart update

 
 
  • QQQ Daily and weekly chart shows bullish engulfing patterns.
  • For Bulls price need to close above the immediate resistance levels of 20 and 200 Day SMA for extending gains.
  • Weekly RSI is turning up from oversold ZONE. Price need to follow up by breaking the falling resistance line for a bigger up move to follow.
  • FACEBOOK BULL FLAG

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