LULU - Broken Failing Trend Channel- LULU has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- The price has risen strongly since the positive signal from the double bottom formation at the break through resistance at 325.
- Between support at 352 and resistance at 385.
- RSI is above 70 after a good price increase the past weeks.
- The stock has strong positive momentum and further increase is indicated.
However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well.
- Overall assessed as technically slightly positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
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Failling
NDX - Breakout Falling Trend [MIDTERM]- NDX has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- NDX has given a positive signal from the double bottom formation by a break up through the resistance at 12000.
- Further rise to 13400 or more is signaled.
- NDX has support at 12000 and resistance at 13000.
- Overall assessed as technically slightly positive for the medium long term.
Verify it first and believe later.
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QQQ - Breakout Falling Trend [MIDTERM]- 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.
Verify it first and believe later.
WavePoint ❤️