QQQ 7.8% profit in LONG in short-term period of 2 weeks
A very stable upward channel was formed on
QQQ
chart with more than 100 days length.
Long position can be opened from the channel bottom side (currently level is ~262.6) with 7.8% potential profit within 2 weeks. The entry point is also supported by the 200MA on 1 hour timeframe. Stochastic oscillator at oversold level (< 30) will be an additional signal to entry the deal.
StopLoss should be in mind at 1% level beyond the entry point (TRAIL SL is preferred).
QQQ
chart with more than 100 days length. Long position can be opened from the channel bottom side (currently level is ~262.6) with 7.8% potential profit within 2 weeks. The entry point is also supported by the 200MA on 1 hour timeframe. Stochastic oscillator at oversold level (< 30) will be an additional signal to entry the deal.
StopLoss should be in mind at 1% level beyond the entry point (TRAIL SL is preferred).