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Nas100short

SQQQ on Bullish Signal Uptrend - Potential Recession is Coming SQQQ price closing on 50.24 USD where on the breakout of resistance level 48.68 USD yesterday. Notice that having a huge buying volume to support the breakout (cup and handle pattern), this indicate it is a strong bullish signal where investor can consider to take "Long" position on SQQQ with current price (50.24 USD). To be conservative, can take 46.19 USD as stop loss position which approximately 8.03% of risk. This would possibly on strong upward trend while potentially NASDAQ would be on bearish trend. Most likely " Recession is Coming" ... On the other hand, take a look on another chart regarding QQQ ETF which tracking on NASDAQ-100 Index: Based on my humble analysis, we can see NASDAQ-100 index had formed "Head and Shoulders" pattern. Yesterday the chart just on the breakout support level position with high selling volume of transactions. This mean it is high possibility that NASDAQ might go into "free fall". Thus, might be a good opportunity to trade SQQQ with manageable risk now (if practice stop loss of 8% from yesterday closing price - 50.24 USD) “Past performance does not guarantee future performance. This is for just my personal opinion but not trading advise.”
NASDAQ:SQQQLong
by samleecomp
5
Catching Nasdaq on stem dips.NASDAQ - Intraday - We look to Buy at 12404 (stop at 12293) Posted Mixed Daily results for the last 9 days. An overnight negative theme in Equities has led to a lower open this morning. A sequence of intraday higher highs and lows has been posted. Bespoke support is located at 12383. A Fibonacci confluence area is located at 13347. Our profit targets will be 12688 and 12738 Resistance: 12700 / 12820 / 13347 Support: 12383 / 12201 / 11845 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:NAS100USDLong
by OANDA