TQQQ trade ideas
Bulls Win the Channel! Resistance is now SupportTQQQ blasted through the 1D resistance formed Aug 30 2018. It's now acting as support with bulls defending and winning the channel each time.
From here on out the future looks bright.
Correction is likely coming sometime in the near term. Adjust stop losses accordingly.
$TQQQBuy from the buy stop GTC (Good Till Canceled) set at $132.03 (10 cents above resistance on a daily chart)!
TQQQ struggling to break out of upper resistance - ominous sign?TQQQ is struggling to break out of a pattern set between sept, march and again in July on the 1d chart. We would expect it to stay in channel, but is meeting the upper resistance. Will be watching closely to see what happens next and setting limits accordingly.
Expect to bounce up off $120 towards long $140, or break downHey all! This is my first idea please let me know what you think, or where I could improve. I am expecting it to break up off of $120 towards $140 during early of September, but please let me know how I can improve!
TQQQ continues to act predictably.Great support on the 200 SMA and entry confirmations with turning point indicator. What a beauty, look to return and test the 200 SMA soon. I think most people expect a larger market correction so plan accordingly on a possible false bounce. Thats it.
Nasdaq - TQQQ Long the channelThis is the channel I have identified all along since March reversal. I have bought every dip and called it in my ideas. This upside still has new highs to make.
Buying everydip since March had been a Win.
TQQQ Exhibits consistently logarithmic recovery slopeFor some fundamental reason, if you put TQQQ on a logarithmic scale, its recent recovery periods become very linear with nearly the exact same slopes. To some extent, it seems like a decent barometer to identify under and overvaluations.
TQQQ's Decade-Long Consistent Logarithmic Growth PatternFor some fundamental reason, if you put TQQQ on a logarithmic scale, its long-term growth becomes very linear. To some extent, it seems like a decent barometer to identify under and overvaluations.
%B BUY SELL SIGNAL% B and bollinger bands are extremely useful to pinpoint entry and exit on the markets
Top Equities and Funds (YTD % Change)These are the top yielding securities in the equities market: NASDAQ:AAPL SOXL TSLA AMEX:FNGU NASDAQ:TQQQ NASDAQ:AMZN and AMEX:LABU . All of the exchange-traded funds are 3x leveraged (make sure that you understand how these work) and have the potential to be volatile. Also, Tesla and Amazon may be in a bubble.
Possible Reversal for TQQQ?Will it bounce off the last 2 support lines or sink below it?
Please leave your input.
TQQQ GOES UP OR DOWN? Will TQQQ go up or down once it touches the resistance? Will it continue its upwards trend?
Please leave your input.
BullishI'm Bullish.
Disclaimer: This idea is for educational purposes only. This is my personal opinion. This is what I'm doing and thinking. Please consult with a licensed professional broker for financial recommendations. Do not use this idea to buy or sell any financial asset(s).
TQQQI feel TQQQ should come back to support around 83.50 area. Looking for 2 weeks or under, if it breaks that area next support 70.
TQQQ Aroon Indicator entered an Uptrend on June 19, 2020Over the last three days,I detected that TQQQ's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 421 similar cases, 382 of which were successful. Based on this data, the odds of success are 90%.
Bullish (with caution)Bullish (with caution)
Disclaimer: This is only for educational purposes only. This idea is my personal opinion, do not buy or sell any financial asset(s) based on my personal opinion. Please consult with a licensed professional broker for financial recommendations.
TQQQ 4h support became resistence : drop to 55$ to 37$ rangethis is a bear market, support of last 2years became resistence, is going down fast to test the lows first
