Trading (PSQ) With Integrated Risk Controls
November 20, 2024, 19:06 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PSQ
- Buy PSQ near 36.76 target 38.63 stop loss @ 36.65 Details
The technical summary data tells us to buy PSQ near 36.76 with an upside target of 38.63. This data also tells us to set a stop loss @ 36.65 to protect against excessive loss in case the stock begins to move against the trade. 36.76 is the first level of support below 38.55 , and by rule, any test of support is a buy signal. In this case, support 36.76 would be being tested, so a buy signal would exist.
- Short PSQ slightly under 38.63, target 36.76, stop loss @ 38.74 Details
The technical summary data is suggesting a short of PSQ as it gets near 38.63 with a downside target of 36.76. We should have a stop loss in place at 38.74though. 38.63 is the first level of resistance above 38.55, and by rule, any test of resistance is a short signal. In this case, if resistance 38.63 is being tested, so a short signal would exist.
Swing Trading Plans for PSQ
- Buy PSQ slightly over 38.63, target 39.15, Stop Loss @ 38.52 Details
If 38.63 begins to break higher, the technical summary data tells us to buy PSQ just slightly over 38.63, with an upside target of 39.15. The data also tells us to set a stop loss @ 38.52 in case the stock turns against the trade. 38.63 is the first level of resistance above 38.55, and by rule, any break above resistance is a buy signal. In this case, 38.63, 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 PSQ slightly near 38.63, target 37.95, Stop Loss @ 38.74. Details
The technical summary data is suggesting a short of PSQ if it tests 38.63 with a downside target of 37.95. We should have a stop loss in place at 38.74 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, 38.63, 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 PSQ
- Buy PSQ slightly over 38.63, target 39.28, Stop Loss @ 38.54 Details
If 38.63 begins to break higher, the technical summary data tells us to buy PSQ just slightly over 38.63, with an upside target of 39.28. The data also tells us to set a stop loss @ 38.54 in case the stock turns against the trade. 38.63 is the first level of resistance above 38.55, and by rule, any break above resistance is a buy signal. In this case, 38.63, 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 PSQ slightly near 38.63, target 37.95, Stop Loss @ 38.72. Details
The technical summary data is suggesting a short of PSQ if it tests 38.63 with a downside target of 37.95. We should have a stop loss in place at 38.72 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, 38.63, 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 Proshares Short Qqq -1x Shares (PSQ) available here: PSQ.
PSQ Ratings for November 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
36.76 |
| P2 |
38.62 |
37.95 |
38.63 |
| P3 |
39.28 |
39.15 |
40.73 |
AI Generated Signals for PSQ
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for PSQ:
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