Dividend Collector
QQQM Diamond HolderRepeatedly testing the major support near 597, it seems to have held up again for now.
After nearly half a year of consolidation, speculative profit-taking has been largely digested at this level, and the earnings of large companies have also caught up. So over time, although it appears to be range-bound at a high level, this position is actually becoming increasingly solid. 🤔
However, I still hold the same view: it needs to test lower again, but it probably won't go down much more. 🤔
In short, every valuation compression for large-cap growth stocks is an opportunity.
$Amazon(AMZN.US)$Microsoft(MSFT.US)$Alphabet(GOOGL.US)
$Invesco QQQ Trust(QQQ.US)
The support near 597 is very strong, and this major support level has been repeatedly tested over the past half year.
This time it might break, and it's about time it did.
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