QQQ

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Context Technical Analysis

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After some weakness in price that caused the 10-day exponential moving average of STX – Seagate Technolgy Holdings, Inc. – to level off, price started moving up again.

 

It has already moved above the yellow resistance line at roughly 59 and has already reached the upper Bollinger Band.

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Momentum 

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MACD, our momentum indicator, moved temporarily below its signal line and has just crossed above it as momentum started building up again

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Relative Strength

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The stock’s Relative Strength has been moving mostly above its 20-day exponential moving average since early August.

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General MSI 

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72.5

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Sector MSI 

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63.2

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Higher Time Frame

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Suggested Buy

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Buy at 125

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Suggested Stop Loss

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Sell at 120

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Size

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200 stocks

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