Learn to Evaluate (QQQ) using the Charts
September 27, 2024, 05:28 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for QQQ
- Buy QQQ near 463.24 target 489.65 stop loss @ 461.9 Details
The technical summary data tells us to buy QQQ near 463.24 with an upside target of 489.65. This data also tells us to set a stop loss @ 461.9 to protect against excessive loss in case the stock begins to move against the trade. 463.24 is the first level of support below 489.47 , and by rule, any test of support is a buy signal. In this case, support 463.24 would be being tested, so a buy signal would exist.
- Short QQQ slightly under 489.65, target 463.24, stop loss @ 491.06 Details
The technical summary data is suggesting a short of QQQ as it gets near 489.65 with a downside target of 463.24. We should have a stop loss in place at 491.06though. 489.65 is the first level of resistance above 489.47, and by rule, any test of resistance is a short signal. In this case, if resistance 489.65 is being tested, so a short signal would exist.
Swing Trading Plans for QQQ
- Buy QQQ slightly over 489.65, target 493.77, Stop Loss @ 488.24 Details
If 489.65 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 489.65, with an upside target of 493.77. The data also tells us to set a stop loss @ 488.24 in case the stock turns against the trade. 489.65 is the first level of resistance above 489.47, and by rule, any break above resistance is a buy signal. In this case, 489.65, 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 489.65, target 485.96, Stop Loss @ 491.06. Details
The technical summary data is suggesting a short of QQQ if it tests 489.65 with a downside target of 485.96. We should have a stop loss in place at 491.06 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, 489.65, 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 489.65, target 490.6, Stop Loss @ 488.51 Details
If 489.65 begins to break higher, the technical summary data tells us to buy QQQ just slightly over 489.65, with an upside target of 490.6. The data also tells us to set a stop loss @ 488.51 in case the stock turns against the trade. 489.65 is the first level of resistance above 489.47, and by rule, any break above resistance is a buy signal. In this case, 489.65, 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 489.65, target 487.65, Stop Loss @ 490.79. Details
The technical summary data is suggesting a short of QQQ if it tests 489.65 with a downside target of 487.65. We should have a stop loss in place at 490.79 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, 489.65, 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 September 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
463.24 |
| P2 |
487.65 |
485.96 |
489.65 |
| P3 |
490.6 |
493.77 |
513.26 |
AI Generated Signals for QQQ
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 Invesco Qqq Trust (NYSE: QQQ) report below can help you understand how to do this. The trading plans for QQQ, 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 QQQ:
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