$CQQQ - WATCHLIST -
Added 2024-03-11 12:52:01 +0000 UTCThe Chinese Tech QQQ is still massively suppressed here and well below its mean reversion channel.
We saw this on a lot of the US Mega Cap stocks in 2022, that whenever the price dipped below their channel, it was an opportunity to add.....and when we retrospectively look at this from the past, it was a very clear sign to have added when the price pulled back below this channel.
Now we have a situation where it is very obvious that this sector is undervalued now and the price is 30% lower than its lowest point in the mean reversion channel.
Let's not look back at this in 6-12 months and think, we should have added here when it was suppressed at $31.
Comments
Hey Gar, is there a place to see your current actual portfolio? Thx.
Jay
2024-03-11 13:47:55 +0000 UTC1/5th makes the most amount of sense to me until the reversal is confirmed.
Gareth Neary
2024-03-11 13:01:07 +0000 UTCHey Gar, I'm thinking of Maybe starting a 1/5th position at this level. Good idea or go heavier?
Clint M
2024-03-11 12:57:52 +0000 UTC
