Invesco trapped in a hesitant place - Analysis - 22-11-2022

Invesco's stock (QQQ) fell in the intraday levels amid negative signals from the RSI after reaching overbought levels, amid the dominance of the main downward trend in the short term, while marking a loss of 1.03%, or 2.93 points, settling at 291.89, with support from the 50-day SMA.

Therefore we expect more losses for the stock, targeting the support of 269.28, provided the resistance of 290.87 holds on.

Expected trend for today: Bearish