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Learn to Evaluate (QQQA) using the Charts

Longer Term Trading Plans for QQQA
  • Buy QQQA slightly over 40.97 target n/a stop loss @ 40.85. Details
  • The technical summary data tells us to buy QQQA near 40.97, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 40.85 to protect against excessive loss in case the stock begins to move against the trade. 40.97 is the first level of support below 43.32, and by rule, any test of support is a buy signal. In this case, if support 40.97 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for QQQA
  • Buy QQQA slightly over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy QQQA just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 43.32, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 QQQA slightly near n/a, target 43.08, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of QQQA if it tests n/a with a downside target of 43.08. We should have a stop loss in place at 0 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, n/a, 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 QQQA
  • Buy QQQA slightly over 43.7, target n/a, Stop Loss @ 43.6 Details
  • If 43.7 begins to break higher, the technical summary data tells us to buy QQQA just slightly over 43.7, with an upside target of n/a. The data also tells us to set a stop loss @ 43.6 in case the stock turns against the trade. 43.7 is the first level of resistance above 43.32, and by rule, any break above resistance is a buy signal. In this case, 43.7, 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 QQQA slightly near 43.7, target 43.1, Stop Loss @ 43.8. Details
  • The technical summary data is suggesting a short of QQQA if it tests 43.7 with a downside target of 43.1. We should have a stop loss in place at 43.8 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, 43.7, 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  Proshares Nasdaq-100 Dorsey Wright Momentum Etf (QQQA) Page here: QQQA.

QQQA Ratings for February 12:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 36.66
P2 43.1 42.03 38.85
P3 43.7 43.08 40.97
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Support and Resistance Plot Chart for QQQA

QQQA Long Term Analysis for February 12 2024

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  Proshares Nasdaq-100 Dorsey Wright Momentum Etf (NASDAQ: QQQA) report below can help you understand how to do this. The trading plans for QQQA, 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.