TQQQ - Price Targets & Stop Loss📈 What’s up investors! 📉
Welcome back to another one of
💡“Mike’s Ideas”.💡
I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!!
I have 4 levels marked and colour coded on the Chart.
These levels are:
⚪ White = Entry Point
🔴 Red = Stop Loss
🟢 Green = 1.2:1 Risk Reward Ratio
🟡 Yellow = 1.5:1 Risk Reward Ratio
🔵 Blue = 2:1 Risk Reward Ratio
👀 So what are we looking at today…!!!
🚨( TQQQ ) ProShares UltraPro QQQ🚨
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes 100 of the largest domestic and international non-financial companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.
Etflong
Rising ETF's - 401K optionWith the drop from profit taking in medical cannabis / HEMP CBD ETF's just looking to compare MJ, TOKE and THCX as some of top ETF's in this sector.
Did you know you can trade ETF's in 401K fund? Ask your investment holder about this option, as ETF/ETP's are like Mutual Funds, but offer typically lower fee's and entry/exit like a stock.
* With recent pullback all nearing golden ratio retracement 0.618.
* All 3 have shown similar RSI
* THCX was most up on close 2.12 over MJ, TOKE
* Legalization expanding, medical benefits of CBD as well and now we're past initial market cycle of segment IPO's and into longer term profit cycle and secondary market investing.
* Profitability for most still on-going issue for as they weather early start-up issues (mite/disease/energy/waste/cash flow vs multi-state/country operations growth)
* Await Genomic (CRSPR Cas9) improvements in next 1-2 years with improved resistance to spider mite attack with optimized benefits without crop loss risks of past half-decade by all the large growers.
* Nicotine reduced crops (Twenty Second Century Growth IP) NYSE:XXII XXII
"XLE: expect a confirmation before going up" by ThinkingAntsOk4H Chart Explanation:
- Price is on an important Weekly Support Zone. Price may bounce from here.
- To confirm the up move, wait for price to break the Descending Trendline.
- After that, we expect a Bullish Corrective Structure to trade it towards the Resistance Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!