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Why Investors in Proshares Ultrapro Qqq #TQQQ Consider Price Action to be a Tell

A tell is a precursor of a stock's next move, and #investors in Proshares Ultrapro Qqq (NASDAQ: TQQQ) look for these #indicators all the time.  the good news is, tells are there for investors to see every day. For example, we have provided this data for TQQQ in the trading plans and summary table offered below.  The tell is described there, for you to review.  Our data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

Technical Summary

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 94.91
P2 97.50 97.20 107.02
P3 104.41 104.02 118.88
Triggers may have already come
Support and Resistance Plot Chart for TQQQ

Long Term Trading Plans for TQQQ

May 9, 2021, 11:45 am ET

The Technical Summary and Trading Plans for TQQQ 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 TQQQ Report.

TQQQ - (Long) Support Plan

The technical summary data tells us to buy TQQQ near 94.91 with an upside target of 107.02. This data also tells us to set a stop loss @ 94.64 to protect against excessive loss in case the stock begins to move against the trade. 94.91 is the first level of support below 103.8 , and by rule, any test of support is a buy signal. In this case, support 94.91 would be being tested, so a buy signal would exist.

TQQQ - (Short) Resistance Plan

The technical summary data is suggesting a short of TQQQ as it gets near 107.02 with a downside target of 94.91. We should have a stop loss in place at 107.33though. 107.02 is the first level of resistance above 103.8, and by rule, any test of resistance is a short signal. In this case, if resistance 107.02 is being tested, so a short signal would exist.

Blue = Current Price
Red= Resistance
Green = Support

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