TQQQ price has continued to stay above a price resistance level, thus looking favorably ok to head on the next price resistance level that will terminate the bullish outlook or accelerate it to a new higher high level.
Supply levels: $60, $63, and $68
Demand levels: $54, $51, and $46
TQQQ Medium-term Trend: Bullish
The Medium-term bullish trend of the stock has continued to head towards a major resistance price level of $68. This a determinant price level target. This is so because a breakout of this target level will institute a new higher high level or a rejection of it might change the market direction from bullish to a bearish position.
The daily chart displays a 14 and 50 Exponential Moving Averages that are below the market price, and the MACD Indicator Histogram bars are still on the green color, with the signal lines crossed for a bullish indication.
TQQQ Short-term Trend: Bullish
The short-term Trend of the pair is bullish; the price continues the stay comfortably above a resistance level, which gives the pair the needed strength to move to a higher target to the next resistance price level.
From the 4-Hours chart, the MACD Indicator Histogram bars are rising, and the market is above the crossing of the two Exponential Moving Averages 14 and 50, thus indicating a strong bullish trend.
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