Looking at QQQ starting from the dip of the corona, we had 5 touches on the bottom end of a very clear trend line. the 6th touch of the bottom trend line started the 2022 bear market when it broke below the support. I think the same might happen now. We are 10% off the highs, with 3 touches on the trend line support. If we close below the marked trend line we are...
NASDAQ:AMD has seen a failed breakout out of a cup and handle 3c pattern. It has performed the worst out of the whole sector year to date. Earnings is coming up on July 30th, I believe this is a perfect setup for a rip to ATH, as AMD is seen as the biggest potential competitor for nvidia AI gpus. Cloud providers are buying every GPU they can lay their hands on,...
