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

June 29, 2024, 5:22 AM ET, BY Jake B. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for QID

• Buy QID just above 35.56, target 40.09, stop loss at 35.46 details

The technical summary data tells us to buy QID at 35.56 with an upside target of 40.09. This data also tells us to set a stop loss at 35.46 to protect ourselves from excessive losses in case the stock starts moving against the trade. 35.56 is the first support level below 38.33 and according to the rule, any test of support is a buy signal. In this case, the support at 35.56 would be tested, so a buy signal would be present.

• Short QID just below 40.09, target 35.56, stop loss at 40.21 details

The technical summary data suggests a short of QID as it approaches 40.09, with a downside target of 35.56. However, we should place a stop loss at 40.21. 40.09 is the first resistance level above 38.33, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 40.09 resistance is tested.

Swing trading plans for QID

• Buy QID just above 38.5, target 40.09, stop loss at 38.39. details

If 38.5 starts to rise, the technical summary data tells us to buy QID just above 38.5, with an upside target of 40.09. The data also tells us to set a stop loss at 38.39 in case the stock turns against the trade. 38.5 is the first resistance level above 38.33, and any break above resistance is usually a buy signal. In this case, 38.5, the initial resistance, would rise to the upside, 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 QID close to 38.5, target 36.97, stop loss at 38.61. details

The technical summary data suggests a short of QID if it tests 38.5 with a downside target of 36.97. However, we should place a stop loss at 38.61 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 38.5 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 QID

• Buy QID just above 38.5, target 40.09, stop loss at 38.41. details

If 38.5 starts to rise, the technical summary data tells us to buy QID just above 38.5, with an upside target of 40.09. The data also tells us to set a stop loss at 38.41 in case the stock turns against the trade. 38.5 is the first resistance level above 38.33, and any break above resistance is usually a buy signal. In this case, 38.5, the initial resistance, would rise to the upside, 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 QID close to 38.5, target 37.79, stop loss at 38.59. details

The technical summary data suggests a short of QID if it tests 38.5 with a downside target of 37.79. However, we should place a stop loss at 38.59 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 38.5 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 Proshares Ultrashort Qqq -2x shares (QID) available here: QID.

QID Ratings for June 29:

AI-generated signals for QID

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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 Proshares Ultrashort Qqq -2x shares The data table (NYSE:QID) below can help you with the price trend and we also have more details. Trading plans for QID are also displayed here; these plans are updated in real-time for subscribers, this report is static. If you want an update or report on any other stock, you can get unlimited real-time reports here.