Brotank77

update on TQQQ

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NASDAQ:TQQQ   ProShares UltraPro QQQ
I was bullish on TQQQ- I still believe that it will continue to set records this year. But if you have been playing this since the dip, you are sitting on 20% or more of profits. The RSI is 63 nearing a risky oversold area for my taste. The 9 day EMA is $170.50, which would be quite the drop. There could be a bounce off the 9ema and price to break its previous high. Maybe sell some of your shares or hold on for a break out play. Personally, I think i will average down as shown on the graph.
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