When (QQXT) Moves Investors should Listen
March 25, 2024, 05:42 am ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for QQXT
- Buy QQXT slightly over 87.25 target 90.56 stop loss @ 87 Details
The technical summary data tells us to buy QQXT near 87.25 with an upside target of 90.56. This data also tells us to set a stop loss @ 87 to protect against excessive loss in case the stock begins to move against the trade. 87.25 is the first level of support below 90.2631 , and by rule, any test of support is a buy signal. In this case, support 87.25 is being tested, a buy signal would exist.
- Short QQXT slightly under 90.56, target 87.25, stop loss @ 90.82 Details
The technical summary data is suggesting a short of QQXT as it gets near 90.56 with a downside target of 87.25. We should have a stop loss in place at 90.82though. 90.56 is the first level of resistance above 90.2631, and by rule, any test of resistance is a short signal. In this case, if resistance 90.56 is being tested, a short signal would exist.
Swing Trading Plans for QQXT
- Buy QQXT slightly over 90.57, target n/a, Stop Loss @ 90.31 Details
If 90.57 begins to break higher, the technical summary data tells us to buy QQXT just slightly over 90.57, with an upside target of n/a. The data also tells us to set a stop loss @ 90.31 in case the stock turns against the trade. 90.57 is the first level of resistance above 90.2631, and by rule, any break above resistance is a buy signal. In this case, 90.57, 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 QQXT slightly near 90.57, target 89.42, Stop Loss @ 90.83. Details
The technical summary data is suggesting a short of QQXT if it tests 90.57 with a downside target of 89.42. We should have a stop loss in place at 90.83 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, 90.57, 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 QQXT
- Buy QQXT slightly over 90.33, target 90.57, Stop Loss @ 90.12 Details
If 90.33 begins to break higher, the technical summary data tells us to buy QQXT just slightly over 90.33, with an upside target of 90.57. The data also tells us to set a stop loss @ 90.12 in case the stock turns against the trade. 90.33 is the first level of resistance above 90.2631, and by rule, any break above resistance is a buy signal. In this case, 90.33, 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 QQXT slightly near 90.33, target 89.42, Stop Loss @ 90.54. Details
The technical summary data is suggesting a short of QQXT if it tests 90.33 with a downside target of 89.42. We should have a stop loss in place at 90.54 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, 90.33, 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 First Trust Nasdaq-100 Ex-tech Sector Index Fd (QQXT) available here: QQXT.
QQXT Ratings for March 25:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
83.56 |
| P2 |
90.33 |
89.42 |
87.25 |
| P3 |
91.14 |
90.57 |
90.56 |
AI Generated Signals for QQXT
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The First Trust Nasdaq-100 Ex-tech Sector Index Fd (NASDAQ: QQXT) report below is a real world example. Included are trading plans for QQXT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for QQXT:
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