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

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Weak Neutral Strong
P1 0 0 94.91
P2 97.50 97.20 107.02
P3 104.41 104.02 118.88

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

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.

Graph of Evitar Corte vs S&P 500

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Swing 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

If 104.02 begins to break higher, the technical summary data tells us to buy TQQQ just over 104.02, with an upside target of 107.02. The data also tells us to set a stop loss @ 103.72 in case the stock turns against the trade. 104.02 is the first level of resistance above 103.8, and by rule, any break above resistance is a buy signal. In this case, 104.02, 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.

TQQQ - (Short) Resistance Plan

The technical summary data is suggesting a short of TQQQ if it tests 104.02 with a downside target of 97.20. We should have a stop loss in place at 104.32 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, 104.02, 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 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

If 104.02 begins to break higher, the technical summary data tells us to buy TQQQ just over 104.02, with an upside target of 104.41. The data also tells us to set a stop loss @ 103.78 in case the stock turns against the trade. 104.02 is the first level of resistance above 103.8, and by rule, any break above resistance is a buy signal. In this case, 104.02, 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.

TQQQ - (Short) Resistance Plan

The technical summary data is suggesting a short of TQQQ if it tests 104.02 with a downside target of 97.50. We should have a stop loss in place at 104.26 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, 104.02, 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.