Technical analysis by chancethepug about Symbol QQQX: Buy recommendation (9/6/2024)

MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading system is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. Price at bottom channel Stochastic Momentum Index (SMI) at oversold level Impulse MACD is flat suggesting squeeze might happen In at $449 Top of channel or $480 is targetClosing QQQ at 475, as price has reached 4HR upper trend line. $25 per share profit.