How we can use the price action (QQQE) to our advantage

June 24, 2024, 3:54 a.m. ET, BY THOMAS KEE – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for QQQE

• Buy QQQE just above 89.13 Target 93.06 Stop loss at 88.87 details

The technical summary data tells us to buy QQQE at 89.13 with an upside target of 93.06. This data also tells us to set a stop loss at 88.87 to protect ourselves from excessive losses in case the stock starts moving against the trade. 89.13 is the first support level below 89.37 and any test of support is usually a buy signal. In this case, the support at 89.13 is tested, a buy signal would be present.

• Short QQQE just below 93.06, target 89.13, stop loss at 93.33 details

The technical summary data suggests a short of QQQE as it approaches 93.06, with a downside target of 89.13. However, we should place a stop loss at 93.33. 93.06 is the first resistance level above 89.37, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 93.06 resistance is tested.

Swing Trading Plans for QQQE

• Buy QQQE just above 89.72, target 93.06, stop loss at 89.46. details

If 89.72 starts to rise, the technical summary data tells us to buy QQQE just above 89.72, with an upside target of 93.06. The data also tells us to set a stop loss at 89.46 in case the stock turns against the trade. 89.72 is the first resistance level above 89.37, and any break above resistance is usually a buy signal. In this case, 89.72, the initial resistance, would move up, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short QQQE close to 89.72, target 89.13, stop loss at 89.98. details

The technical summary data suggests a short of QQQE if 89.72 is tested with a downside target of 89.13. However, we should place a stop loss at 89.98 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 89.72 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for QQQE

• Buy QQQE just above 89.89, target 93.06, stop loss at 89.68. details

If 89.89 starts to rise, the technical summary data tells us to buy QQQE just above 89.89, with an upside target of 93.06. The data also tells us to set a stop loss at 89.68 in case the stock turns against the trade. 89.89 is the first resistance level above 89.37, and any break above resistance is usually a buy signal. In this case, 89.89, the initial resistance, would move up, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short QQQE close to 89.89, target 89.17, stop loss at 90.1. details

The technical summary data suggests a short of QQQE if 89.89 is tested with a downside target of 89.17. However, we should place a stop loss at 90.1 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 89.89 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Direxion Nasdaq-100 Equal Weighted Index Shares (QQQE) available here: QQQE.

QQQE Ratings for June 24:

AI-generated signals for QQQE

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Direxion Nasdaq-100 Equal Weighted Index Shares The data table (NASDAQ:QQQE) below can help you with the price trend and we also have more details. Trading plans for QQQE are also displayed here; these plans are updated in real-time for subscribers for whom this report is static. If you want an update or report on any other stock, you can get Unlimited Real-Time Reports here.