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Lia Holmgren: QQQ faces major test as chart shows retest near 200DMA

Lia Holmgren: QQQ faces major test as chart shows retest near 200DMA
QQQ retests down move near 200DMA

Lia Holmgren described the current QQQ chart as showing no bullish signals and noted that the asset is retesting a previous down move toward its 200-day moving average. Holmgren added that a significant test is ahead, advising that if the level fails, action may be needed.

Holmgren has recently highlighted other notable developments in the markets. She previously reported on ORCL's planned $10 billion common stock sale at an 11 percent discount after shares had fallen more than 50 percent over the past year. In another note, Holmgren observed that Bitcoin slipped to its weakest level in over a month as the U.S. evacuated personnel from the Middle East.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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