Learn to Evaluate (QQQM) using the Charts

April 14, 2024, 04:38 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for QQQM

• Buy QQQM slightly over 180.03 target 188.17 stop loss @ 179.51 Details

The technical summary data tells us to buy QQQM near 180.03 with an upside target of 188.17. This data also tells us to set a stop loss @ 179.51 to protect against excessive loss in case the stock begins to move against the trade. 180.03 is the first level of support below 180.33 , and by rule, any test of support is a buy signal. In this case, support 180.03 is being tested, a buy signal would exist.

• Short QQQM slightly under 188.17, target 180.03, stop loss @ 188.71 Details

The technical summary data is suggesting a short of QQQM as it gets near 188.17 with a downside target of 180.03. We should have a stop loss in place at 188.71though. 188.17 is the first level of resistance above 180.33, and by rule, any test of resistance is a short signal. In this case, if resistance 188.17 is being tested, a short signal would exist.

Swing Trading Plans for QQQM

• Buy QQQM slightly over 182.03, target 188.17, Stop Loss @ 181.5 Details

If 182.03 begins to break higher, the technical summary data tells us to buy QQQM just slightly over 182.03, with an upside target of 188.17. The data also tells us to set a stop loss @ 181.5 in case the stock turns against the trade. 182.03 is the first level of resistance above 180.33, and by rule, any break above resistance is a buy signal. In this case, 182.03, 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 QQQM slightly near 182.03, target 180.03, Stop Loss @ 182.56. Details

The technical summary data is suggesting a short of QQQM if it tests 182.03 with a downside target of 180.03. We should have a stop loss in place at 182.56 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, 182.03, 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 QQQM

• Buy QQQM slightly over 182.03, target 182.25, Stop Loss @ 181.61 Details

If 182.03 begins to break higher, the technical summary data tells us to buy QQQM just slightly over 182.03, with an upside target of 182.25. The data also tells us to set a stop loss @ 181.61 in case the stock turns against the trade. 182.03 is the first level of resistance above 180.33, and by rule, any break above resistance is a buy signal. In this case, 182.03, 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 QQQM slightly near 182.03, target 180.31, Stop Loss @ 182.45. Details

The technical summary data is suggesting a short of QQQM if it tests 182.03 with a downside target of 180.31. We should have a stop loss in place at 182.45 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, 182.03, 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 Nasdaq 100 Etf (QQQM) available here: QQQM.

QQQM Ratings for April 14:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	171.66
P2	180.31	179.57	180.03
P3	182.25	182.03	188.17

AI Generated Signals for QQQM

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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  Invesco Nasdaq 100 Etf (NASDAQ: QQQM) report below can help you understand how to do this. The trading plans for QQQM, 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.