Learn to Evaluate (QQQX) using the Charts
February 23, 2024, 00:12 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for QQQX
- Buy QQQX slightly over 22.78 target 23.96 stop loss @ 22.71 Details
The technical summary data tells us to buy QQQX near 22.78 with an upside target of 23.96. This data also tells us to set a stop loss @ 22.71 to protect against excessive loss in case the stock begins to move against the trade. 22.78 is the first level of support below 23.88 , and by rule, any test of support is a buy signal. In this case, support 22.78 is being tested, a buy signal would exist.
- Short QQQX slightly under 23.96, target 22.78, stop loss @ 24.03 Details
The technical summary data is suggesting a short of QQQX as it gets near 23.96 with a downside target of 22.78. We should have a stop loss in place at 24.03though. 23.96 is the first level of resistance above 23.88, and by rule, any test of resistance is a short signal. In this case, if resistance 23.96 is being tested, a short signal would exist.
Swing Trading Plans for QQQX
- Buy QQQX slightly over 23.96, target n/a, Stop Loss @ 23.89 Details
If 23.96 begins to break higher, the technical summary data tells us to buy QQQX just slightly over 23.96, with an upside target of n/a. The data also tells us to set a stop loss @ 23.89 in case the stock turns against the trade. 23.96 is the first level of resistance above 23.88, and by rule, any break above resistance is a buy signal. In this case, 23.96, 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 QQQX slightly near 23.96, target 23.5, Stop Loss @ 24.03. Details
The technical summary data is suggesting a short of QQQX if it tests 23.96 with a downside target of 23.5. We should have a stop loss in place at 24.03 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, 23.96, 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 QQQX
- Buy QQQX slightly over 23.96, target n/a, Stop Loss @ 23.9 Details
If 23.96 begins to break higher, the technical summary data tells us to buy QQQX just slightly over 23.96, with an upside target of n/a. The data also tells us to set a stop loss @ 23.9 in case the stock turns against the trade. 23.96 is the first level of resistance above 23.88, and by rule, any break above resistance is a buy signal. In this case, 23.96, 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 QQQX slightly near 23.96, target 23.5, Stop Loss @ 24.02. Details
The technical summary data is suggesting a short of QQQX if it tests 23.96 with a downside target of 23.5. We should have a stop loss in place at 24.02 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, 23.96, 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 Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) available here: QQQX.
QQQX Ratings for February 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
21.52 |
| P2 |
23.44 |
23.5 |
22.78 |
| P3 |
23.87 |
23.93 |
23.96 |
AI Generated Signals for QQQX
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ: QQQX) report below can help you understand how to do this. The trading plans for QQQX, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for QQQX:
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