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How the (QYLG) price action is used to our Advantage

Longer Term Trading Plans for QYLG
  • Buy QYLG slightly over 29.3 target 30.35 stop loss @ 29.22 Details
  • The technical summary data tells us to buy QYLG near 29.3 with an upside target of 30.35. This data also tells us to set a stop loss @ 29.22 to protect against excessive loss in case the stock begins to move against the trade. 29.3 is the first level of support below 30.22 , and by rule, any test of support is a buy signal. In this case, support 29.3 is being tested, a buy signal would exist.

  • Short QYLG slightly under 30.35, target 29.3, stop loss @ 30.44 Details
  • The technical summary data is suggesting a short of QYLG as it gets near 30.35 with a downside target of 29.3. We should have a stop loss in place at 30.44though. 30.35 is the first level of resistance above 30.22, and by rule, any test of resistance is a short signal. In this case, if resistance 30.35 is being tested, a short signal would exist.

Swing Trading Plans for QYLG
  • Buy QYLG slightly over 30.35, target n/a, Stop Loss @ 30.26 Details
  • If 30.35 begins to break higher, the technical summary data tells us to buy QYLG just slightly over 30.35, with an upside target of n/a. The data also tells us to set a stop loss @ 30.26 in case the stock turns against the trade. 30.35 is the first level of resistance above 30.22, and by rule, any break above resistance is a buy signal. In this case, 30.35, 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 QYLG slightly near 30.35, target 29.92, Stop Loss @ 30.44. Details
  • The technical summary data is suggesting a short of QYLG if it tests 30.35 with a downside target of 29.92. We should have a stop loss in place at 30.44 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, 30.35, 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 QYLG
  • Buy QYLG slightly over 30.35, target n/a, Stop Loss @ 30.28 Details
  • If 30.35 begins to break higher, the technical summary data tells us to buy QYLG just slightly over 30.35, with an upside target of n/a. The data also tells us to set a stop loss @ 30.28 in case the stock turns against the trade. 30.35 is the first level of resistance above 30.22, and by rule, any break above resistance is a buy signal. In this case, 30.35, 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 QYLG slightly near 30.35, target 29.92, Stop Loss @ 30.42. Details
  • The technical summary data is suggesting a short of QYLG if it tests 30.35 with a downside target of 29.92. We should have a stop loss in place at 30.42 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, 30.35, 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.

Real Time Updates are available on our  Global X Nasdaq 100 Cslightly overed Call & Growth Etf (QYLG) Page here: QYLG.

QYLG Ratings for February 12:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 28.18
P2 30.32 29.92 29.3
P3 0 30.28 30.35
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Support and Resistance Plot Chart for QYLG

QYLG Long Term Analysis for February 12 2024

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Global X Nasdaq 100 Covered Call & Growth Etf (NASDAQ: QYLG) data table below can help you with price action, and we have more details too. Trading plans for QYLG are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.