5/9/20 EMAs converging downwards on the daily. Noting downward converging 5/9/20 EMAs on the daily. Testing Uptrend Line. MACD has already bear crossed.
Noting downward converging 5/9/20 EMAs on the daily. Testing Uptrend Line. MACD has already bear crossed. NET can be a big mover as a growth cybersecurity stock so watching this one for big moves this coming week.
MACD BULL Cross on the Daily and Bullish engulfing candle also on the weekly. Resistance at very psychological level of 400.
I am acknowledging my bearish bias overall and am not sure if it can continue this with the current market conditions, but indicators and levels perhaps show a possible breakout coming. Obvious big spot at 400. Can we break through this...
Looking for patterns on QQQ, or the ETF that tracks the NASDAQ 100, which is known for tech stocks, you can see that the last time it bear crossed on the monthly chart was right before the COVID crash, where it just barely crossed, surprisingly. The time before that, was October 2018, when there was worry that the FED would increase interest rates too fast as well...
