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When the Price of (QQQ) Talks, People Listen

March 09, 2024, 06:52 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for QQQ

Buy QQQ slightly over 425.65 target 445.07 stop loss @ 424.42 Details

The technical summary data tells us to buy QQQ near 425.65 with an upside target of 445.07. This data also tells us to set a stop loss @ 424.42 to protect against excessive loss in case the stock begins to move against the trade. 425.65 is the first level of support below 439.02 , and by rule, any test of support is a buy signal. In this case, support 425.65 is being tested, a buy signal would exist.

Short QQQ slightly under 445.07, target 425.65, stop loss @ 446.36 Details

The technical summary data is suggesting a short of QQQ as it gets near 445.07 with a downside target of 425.65. We should have a stop loss in place at 446.36though. 445.07 is the first level of resistance above 439.02, and by rule, any test of resistance is a short signal. In this case, if resistance 445.07 is being tested, a short signal would exist.

Swing Trading Plans for QQQ

Buy QQQ slightly over 439.41, target 445.07, Stop Loss @ 438.14 Details

If 439.41 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 439.41, with an upside target of 445.07. The data also tells us to set a stop loss @ 438.14 in case the stock turns against the trade. 439.41 is the first level of resistance above 439.02, and by rule, any break above resistance is a buy signal. In this case, 439.41, 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 439.41, target 425.65, Stop Loss @ 440.68. Details

The technical summary data is suggesting a short of QQQ if it tests 439.41 with a downside target of 425.65. We should have a stop loss in place at 440.68 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, 439.41, 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 439.41, target 445.27, Stop Loss @ 438.38 Details

If 439.41 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 439.41, with an upside target of 445.27. The data also tells us to set a stop loss @ 438.38 in case the stock turns against the trade. 439.41 is the first level of resistance above 439.02, and by rule, any break above resistance is a buy signal. In this case, 439.41, 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 439.41, target 437.13, Stop Loss @ 440.44. Details

The technical summary data is suggesting a short of QQQ if it tests 439.41 with a downside target of 437.13. We should have a stop loss in place at 440.44 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, 439.41, 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 Invesco Qqq Trust (QQQ) available here: QQQ.

QQQ Ratings for March 09:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	405.39
P2	437.13	439.41	425.65
P3	445.27	448.71	445.07

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AI Generated Signals for QQQ

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 Invesco Qqq Trust (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.

Fundamental Charts for QQQ: