When the Price of (QOMO) Talks, People Listen
September 15, 2024, 18:28 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for QOMO
- Buy QOMO slightly over 12.19 target n/a stop loss @ 12.15. Details
The technical summary data tells us to buy QOMO near 12.19, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 12.15 to protect against excessive loss in case the stock begins to move against the trade. 12.19 is the first level of support below 12.65, and by rule, any test of support is a buy signal. In this case, if support 12.19 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for QOMO
- Buy QOMO slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy QOMO just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 12.65, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 QOMO slightly near n/a, target 12.32, Stop Loss @ 0. Details
The technical summary data is suggesting a short of QOMO if it tests n/a with a downside target of 12.32. We should have a stop loss in place at 0 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, n/a, 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 QOMO
- Buy QOMO slightly over 12.7, target n/a, Stop Loss @ 12.67 Details
If 12.7 begins to break higher, the technical summary data tells us to buy QOMO just slightly over 12.7, with an upside target of n/a. The data also tells us to set a stop loss @ 12.67 in case the stock turns against the trade. 12.7 is the first level of resistance above 12.65, and by rule, any break above resistance is a buy signal. In this case, 12.7, 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 QOMO slightly near 12.7, target 12.32, Stop Loss @ 12.73. Details
The technical summary data is suggesting a short of QOMO if it tests 12.7 with a downside target of 12.32. We should have a stop loss in place at 12.73 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, 12.7, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Qomolangma Acquisition Corp. (QOMO) available here: QOMO.
QOMO Ratings for September 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
11.09 |
| P2 |
11.51 |
11.24 |
11.5 |
| P3 |
12.7 |
12.32 |
12.19 |
AI Generated Signals for QOMO
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Qomolangma Acquisition Corp. (NASDAQ: QOMO) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for QOMO can be used as an example, and demonstrate how to do this for other stocks too. This 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.
Fundamental Charts for QOMO:
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