• QRVO was down over 60% from the August 2021 highs to the October 2022 lows. Last month, QRVO rose above its 15-month downtrend line. QRVO has established a pattern of higher lows and higher highs since its October low=uptrend (zoom chart). The weekly chart reveals that the October lows confirmed long-term support.
RRG analysis shows that QRVO has moved out of the Lagging quadrant into the Improving quadrant. QRVO is one of the top 20 stocks in this week’s TPA-RRG report. (RRG below).
Relative Rotation Graphs (RRG) – explanation video
Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.
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