wavepoint99

TQQQ - Resistance be Support [SHORT TERM]

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NASDAQ:TQQQ   ProShares UltraPro QQQ

- TQQQ has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate.
- TQQQ has broken up through resistance at 27. This predicts a further rise.
- TQQQ is assessed as technically positive for the short term.

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