pool adsPOWERSHARES QQQ $QQQ Technical Update
The POWERSHARES QQQ (NYSE: QQQ) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for QQQ, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 178.56 | 175.19 | 167.77 |
| P2 | 180.03 | 181.17 | 178.40 |
| P3 | 181.57 | 186.36 | 187.88 |
Support and Resistance Plot Chart for QQQ
Long Term Trading Plans for QQQ
August 18, 2018, 1:15 am ET
The Technical Summary and Trading Plans for QQQ help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this QQQ Report.
QQQ - (Long) Support Plan
Buy over 178.40 target 187.88 stop loss @ 178.14.
The technical summary data tells us to buy QQQ near 178.40 with an upside target of 187.88. This data also tells us to set a stop loss @ 178.14 to protect against excessive loss in case the stock begins to move against the trade. 178.40 is the first level of support below 179.86 , and by rule, any test of support is a buy signal. In this case, support 178.40 is being tested, a buy signal would exist.
QQQ - (Short) Resistance Plan
Short under 187.88 target 178.40 stop loss @ 188.14
The technical summary data is suggesting a short of QQQ as it gets near 187.88 with a downside target of 178.40. We should have a stop loss in place at 188.14 though. 187.88 is the first level of resistance above 179.86, and by rule, any test of resistance is a short signal. In this case, if resistance 187.88 is being tested, a short signal would exist.
