When the Price of Powershares Qqq $QQQ Talks, People Listen

March 15, 2023, 03:00 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for QQQ

• Buy QQQ slightly over 273.72 target 298.92 stop loss @ 272.93 Details

The technical summary data tells us to buy QQQ near 273.72 with an upside target of 298.92. This data also tells us to set a stop loss @ 272.93 to protect against excessive loss in case the stock begins to move against the trade. 273.72 is the first level of support below 297.37 , and by rule, any test of support is a buy signal. In this case, support 273.72 is being tested, a buy signal would exist.

• Short QQQ slightly under 298.92, target 273.72, stop loss @ 299.78 Details

The technical summary data is suggesting a short of QQQ as it gets near 298.92 with a downside target of 273.72. We should have a stop loss in place at 299.78though. 298.92 is the first level of resistance above 297.37, and by rule, any test of resistance is a short signal. In this case, if resistance 298.92 is being tested, a short signal would exist.

Swing Trading Plans for QQQ

• Buy QQQ slightly over 298.92, target 299.47, Stop Loss @ 298.06 Details

If 298.92 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 298.92, with an upside target of 299.47. The data also tells us to set a stop loss @ 298.06 in case the stock turns against the trade. 298.92 is the first level of resistance above 297.37, and by rule, any break above resistance is a buy signal. In this case, 298.92, 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 QQQ slightly near 298.92, target 290.69, Stop Loss @ 299.78. Details

The technical summary data is suggesting a short of QQQ if it tests 298.92 with a downside target of 290.69. We should have a stop loss in place at 299.78 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, 298.92, 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 QQQ

• Buy QQQ slightly over 298.92, target 299.47, Stop Loss @ 298.22 Details

If 298.92 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 298.92, with an upside target of 299.47. The data also tells us to set a stop loss @ 298.22 in case the stock turns against the trade. 298.92 is the first level of resistance above 297.37, and by rule, any break above resistance is a buy signal. In this case, 298.92, 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 QQQ slightly near 298.92, target 296.05, Stop Loss @ 299.62. Details

The technical summary data is suggesting a short of QQQ if it tests 298.92 with a downside target of 296.05. We should have a stop loss in place at 299.62 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, 298.92, 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 Powershares Qqq (QQQ) available here: QQQ.

QQQ Ratings for March 15:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	247.68
P2	289.14	290.69	273.72
P3	296.05	299.47	298.92

AI Generated Signals for QQQ

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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 Powershares Qqq (NYSE: QQQ) 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 QQQ 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.