- $QQQ is bullish as all Ichimiku Cloud elements are properly aligned.
- Price is above the cloud and above both Tenkan Sen (blue line) and Kijun Sen (red line) - bullish
- Tenkan Sen is above Kijun Sen and slanted upward which favors short-term momentum- bullish
- Chikou Span is above the price curve 26 days ago - bullish
- Kumo (cloud) is green - bullish
- The last bullish signal issued was on May 19 as Tenkan Sen crossed above Kijun Sen
Conclusion: Investors should look for an entry point on a pullback or on a lower timeframe (i.e hourly chart, etc.) by scaling in.
No comments:
Post a Comment