Now the gap has been filled. QQQ is back at the 36 supoort level. Breaking down from here leads to the retest of the 34 support once again. Earnings, interest rate and the ongoing war are interplaying in the market, it’s hard to know where the market will go.
SUNW filled the huge gap and it’s on its way to 4.0!
LFC gapped up after it’s cleared from the liabilities of the audit issues in the past. It has broken out the recent downtrend. Whether it can reverse the downtrend remains to be seen. This big gap could become the new support. Next resistence is 28.
It gapped up and closed at 37.10 today as the market was fueled by better than expected job numbers. The volume was impressive as well. The next resistence is 38-39 and 36 will be the new support.
It closed up at 36.16 right at the current resistence level. However, the volume is below average. It has also reached short-term overbought condition. It won’t hurt to take some money off the table if you have bought at 34. The next resistence is still 37 and support may be at 35 or 34.
It backed away from the resistence 36 (actual intraday high was 35.96). To break out from more than free months of downward movement, it has to cross over 36. Next resistence is 37. The support is 34.