Trading (QQQU) With Integrated Risk Controls
November 29, 2024, 00:02 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for QQQU
- Buy QQQU near 35.45 target 41.92 stop loss @ 35.35 Details
The technical summary data tells us to buy QQQU near 35.45 with an upside target of 41.92. This data also tells us to set a stop loss @ 35.35 to protect against excessive loss in case the stock begins to move against the trade. 35.45 is the first level of support below 41.61 , and by rule, any test of support is a buy signal. In this case, support 35.45 is being tested, a buy signal would exist.
- Short QQQU slightly under 41.92, target 35.45, stop loss @ 42.04 Details
The technical summary data is suggesting a short of QQQU as it gets near 41.92 with a downside target of 35.45. We should have a stop loss in place at 42.04though. 41.92 is the first level of resistance above 41.61, and by rule, any test of resistance is a short signal. In this case, if resistance 41.92 is being tested, a short signal would exist.
Swing Trading Plans for QQQU
- Buy QQQU slightly over 41.92, target 42.16, Stop Loss @ 41.8 Details
If 41.92 begins to break higher, the technical summary data tells us to buy QQQU just slightly over 41.92, with an upside target of 42.16. The data also tells us to set a stop loss @ 41.8 in case the stock turns against the trade. 41.92 is the first level of resistance above 41.61, and by rule, any break above resistance is a buy signal. In this case, 41.92, 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 QQQU slightly near 41.92, target 40.49, Stop Loss @ 42.04. Details
The technical summary data is suggesting a short of QQQU if it tests 41.92 with a downside target of 40.49. We should have a stop loss in place at 42.04 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, 41.92, 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 QQQU
- Buy QQQU slightly over 41.92, target 42.16, Stop Loss @ 41.82 Details
If 41.92 begins to break higher, the technical summary data tells us to buy QQQU just slightly over 41.92, with an upside target of 42.16. The data also tells us to set a stop loss @ 41.82 in case the stock turns against the trade. 41.92 is the first level of resistance above 41.61, and by rule, any break above resistance is a buy signal. In this case, 41.92, 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 QQQU slightly near 41.92, target 41.3, Stop Loss @ 42.02. Details
The technical summary data is suggesting a short of QQQU if it tests 41.92 with a downside target of 41.3. We should have a stop loss in place at 42.02 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, 41.92, 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 Direxion Shares Etf Trust Daily Concentrated Qs Bull 2x Shares (QQQU) available here: QQQU.
QQQU Ratings for November 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
28.73 |
| P2 |
41.3 |
40.49 |
35.45 |
| P3 |
42.15 |
42.16 |
41.92 |
AI Generated Signals for QQQU
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for QQQU:
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