** $QQQ on 1Hr Continued Analysis for 10/10/22 **
“Catching a falling knife” in investing is an expression for when a trader buys a stock after a BIG drop in its share price, hoping the price will rebound, but the stock price continues to fall. That leaves the traders incurring losses.
**In my opinion, QQQ will continue to fall more in the morning and then try to bounce after open and potentially fail.
Pivot points to examine and be aware of are $267.10 and $268.84.**
$QQQ falling back to $267.10 and bouncing is what i'll be looking for.
What are your thoughts?
Comment Below!
Thanks,
Kelly :)
“Catching a falling knife” in investing is an expression for when a trader buys a stock after a BIG drop in its share price, hoping the price will rebound, but the stock price continues to fall. That leaves the traders incurring losses.
**In my opinion, QQQ will continue to fall more in the morning and then try to bounce after open and potentially fail.
Pivot points to examine and be aware of are $267.10 and $268.84.**
$QQQ falling back to $267.10 and bouncing is what i'll be looking for.
What are your thoughts?
Comment Below!
Thanks,
Kelly :)
Kelly @angelbaetrades
Instagram: www.instagram.com/angelbaetrades/
TiKTok: www.tiktok.com/@angelbaetrades
Instagram: www.instagram.com/angelbaetrades/
TiKTok: www.tiktok.com/@angelbaetrades