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QQQ Approaching $515 Resistance
QQQ experienced a 6%+ rally this week, and is approaching resistance around $315. This week’s rally was caused by the US election and Fed rate cut. I think the rally was driven by FOMO from news, especially since a lot of people were expecting volatility around the US election. For now I think QQQ is […]Read More
PFE Following My Range Prediction
In June I discussed how PFE is likely to trade within a range with a buy zone between $24 and $26.50. PFE is following this game plan, and I would continue buying between $24 and $26.50 until there’s a breakout. I don’t think healthcare stocks are too hot right now, I think investors are more […]Read More
GXO Attempting a Bullish Breakout
GXO has consistently beat earnings expectations since IPO launch. The price action has been pretty neutral with GXO trading within a range betow $62.95. However, GXO is starting to gain some bullish momentum over the past few weeks. I think GXO is attempting a bullish breakout above $62.95. If this breakout is successful GXO can […]Read More