QQQ is in short-term uptrend. The resistence is ar 36 then 37.
RHAT has a long way to go back its recent high.
LFC is at pullback after strong move. However, it has to hold up above 24.
Tag Archives: Pullback
QQQ, RHAT and LFC
QQQ is in short-term uptrend. The resistence is ar 36 then 37.
RHAT has a long way to go back its recent high.
LFC is at pullback after strong move. However, it has to hold up above 24.
MSFT
MSFT closed up at 27.77. The intraday high was 27.92 with more than 100M shares changing hands.
It should attempt 28 pretty quick. The resistence is at 28.7 and support is at 26.8. I would not chase it at this moment. You may be able to wait for a pullback to go long around 27.
MSFT
MSFT closed at 27.41 with heavy volume. It barely broke out the resistence, but the long candle looks less bullish. Obviously, a lot of people are selling into the pop and the buying demand could not hold up in the close. If tomorrow it has a follow up, it will be very bullish.
You can go long at the breakout or wait for the handle in a typical cup-and-handle case, but the pullback may not happen if it is very strong breakout.
MSFT
MSFT closed at 27.41 with heavy volume. It barely broke out the resistence, but the long candle looks less bullish. Obviously, a lot of people are selling into the pop and the buying demand could not hold up in the close. If tomorrow it has a follow up, it will be very bullish.
You can go long at the breakout or wait for the handle in a typical cup-and-handle case, but the pullback may not happen if it is very strong breakout.