Buy QQQ on the Bounce off Weekly Trend Channel Support
Trade Idea:
Buy QQQ with a stop loss just below 160 (near 158) and a target of 170.
This is a Risk Reward of 2 to 1 since you risk 4 dollars/share and have a potential to gain 8 dollars/share.
Earnings are coming up so this is quite a risky play. I still think the indexes will move higher in the next week though.
I blog almost everyday here: bigfryfinancialmarkets.com
Please like this post to help spread the word :) Have a great Sunday!
Buy QQQ with a stop loss just below 160 (near 158) and a target of 170.
This is a Risk Reward of 2 to 1 since you risk 4 dollars/share and have a potential to gain 8 dollars/share.
Earnings are coming up so this is quite a risky play. I still think the indexes will move higher in the next week though.
I blog almost everyday here: bigfryfinancialmarkets.com
Please like this post to help spread the word :) Have a great Sunday!
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.