ClearValue Team Insights
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QQQ Also Rallying Back to ATHs
QQQ has also formed a very bullish rebound with three bullish candles so far. NVDA reports earnings on May 22, and I think there could be a nice rally headed into that earnings announcement. For QQQ there is likely to be resistance at the red trendline, which is previous all time highs around $446.09. ChartChamp […]Read More
SPY Starting to Rally
SPY is having a very bullish rebound with three bullish candles so far. There have been bullish gaps for the past two candles, and there is strong buy pressure after the Fed and U.S. Treasury have provided a dovish outlook last week. I have $524.49 as a key resistance target of interest on the way […]Read More
BABA Potential Bullish Breakout
BABA has started to show some strength and has rallied to $80. However, there is a red resistance line here that BABA needs to break in order to climb up higher. Chinese stocks have been hot lately so it is possible. If there is a rejection here there could be more delays before BABA goes […]Read More