Longer Term Trading Plans for QQQ
- Buy QQQ near 507.61 target 540.9 stop loss @ 506.14
- Short QQQ slightly under 540.9, target 507.61, stop loss @ 542.46
June 22, 2025, 02:34 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy QQQ near 507.61 with an upside target of 540.9. This data also tells us to set a stop loss @ 506.14 to protect against excessive loss in case the stock begins to move against the trade. 507.61 is the first level of support below 526.83 , and by rule, any test of support is a buy signal. In this case, support 507.61 is being tested, a buy signal would exist.
The technical…