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(QQQM) Trading Signals

Longer Term Trading Plans for QQQM
  • Buy QQQM slightly over 179.21 target 187.4 stop loss @ 178.69 Details
  • The technical summary data tells us to buy QQQM near 179.21 with an upside target of 187.4. This data also tells us to set a stop loss @ 178.69 to protect against excessive loss in case the stock begins to move against the trade. 179.21 is the first level of support below 181.91 , and by rule, any test of support is a buy signal. In this case, support 179.21 is being tested, a buy signal would exist.

  • Short QQQM slightly under 187.4, target 179.21, stop loss @ 187.94 Details
  • The technical summary data is suggesting a short of QQQM as it gets near 187.4 with a downside target of 179.21. We should have a stop loss in place at 187.94though. 187.4 is the first level of resistance above 181.91, and by rule, any test of resistance is a short signal. In this case, if resistance 187.4 is being tested, a short signal would exist.

Swing Trading Plans for QQQM
  • Buy QQQM slightly over 184.38, target 187.4, Stop Loss @ 183.85 Details
  • If 184.38 begins to break higher, the technical summary data tells us to buy QQQM just slightly over 184.38, with an upside target of 187.4. The data also tells us to set a stop loss @ 183.85 in case the stock turns against the trade. 184.38 is the first level of resistance above 181.91, and by rule, any break above resistance is a buy signal. In this case, 184.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short QQQM slightly near 184.38, target 181.28, Stop Loss @ 184.91. Details
  • The technical summary data is suggesting a short of QQQM if it tests 184.38 with a downside target of 181.28. We should have a stop loss in place at 184.91 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 184.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for QQQM
  • Buy QQQM slightly over 182.47, target 184.38, Stop Loss @ 182.04 Details
  • If 182.47 begins to break higher, the technical summary data tells us to buy QQQM just slightly over 182.47, with an upside target of 184.38. The data also tells us to set a stop loss @ 182.04 in case the stock turns against the trade. 182.47 is the first level of resistance above 181.91, and by rule, any break above resistance is a buy signal. In this case, 182.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short QQQM slightly near 182.47, target 181.28, Stop Loss @ 182.9. Details
  • The technical summary data is suggesting a short of QQQM if it tests 182.47 with a downside target of 181.28. We should have a stop loss in place at 182.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 182.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Invesco Nasdaq 100 Etf (QQQM) Page here: QQQM.

QQQM Ratings for April 04:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 170.81
P2 180.84 181.28 179.21
P3 182.47 184.38 187.4
Triggers may have already come
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Support and Resistance Plot Chart for QQQM

QQQM Long Term Analysis for April 4 2024

Blue = Current Price
Red= Resistance
Green = Support

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Trading Invesco Nasdaq 100 Etf (NASDAQ: QQQM) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for QQQM change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if QQQM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for QQQM too.  All of these are offered below the Summary Table.