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When (QQQJ) Moves Investors should Listen

Longer Term Trading Plans for QQQJ
  • Buy QQQJ slightly over 27.01 target n/a stop loss @ 26.93. Details
  • The technical summary data tells us to buy QQQJ near 27.01, 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 26.93 to protect against excessive loss in case the stock begins to move against the trade. 27.01 is the first level of support below 27.52, and by rule, any test of support is a buy signal. In this case, if support 27.01 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 QQQJ
  • Buy QQQJ 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 QQQJ 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 27.52, 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 QQQJ slightly near n/a, target 27.34, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of QQQJ if it tests n/a with a downside target of 27.34. 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 QQQJ
  • Buy QQQJ slightly over 27.59, target n/a, Stop Loss @ 27.53 Details
  • If 27.59 begins to break higher, the technical summary data tells us to buy QQQJ just slightly over 27.59, with an upside target of n/a. The data also tells us to set a stop loss @ 27.53 in case the stock turns against the trade. 27.59 is the first level of resistance above 27.52, and by rule, any break above resistance is a buy signal. In this case, 27.59, 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 QQQJ slightly near 27.59, target 27.34, Stop Loss @ 27.65. Details
  • The technical summary data is suggesting a short of QQQJ if it tests 27.59 with a downside target of 27.34. We should have a stop loss in place at 27.65 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, 27.59, 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  Invesco Nasdaq Next Gen 100 Etf (QQQJ) Page here: QQQJ.

QQQJ Ratings for February 12:

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 0 0 24.52
P2 27.59 26.85 25.79
P3 0 27.34 27.01
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Support and Resistance Plot Chart for QQQJ

QQQJ Long Term Analysis for February 12 2024

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  Invesco Nasdaq Next Gen 100 Etf (NASDAQ: QQQJ) report below is a real world example. Included are trading plans for QQQJ, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports