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POWER SHARES QQQ TRUST
(QQQ-Nasdaq):
Technical Viewpoint: From a low
of $52.72 on Nov 25, 2011 prices
rallied, reaching a
high of $57.45
on Dec 5, 2011. A
decline saw prices pull back, reaching a
low of
$56.75 on Dec 19, 2011.
Another rally saw prices penetrate
resistance, closing 1/3/12
at $56.90. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 28, 2011 when the solid line crossed the dotted line to the upside.
Support: Remains at $55.50. Resistance: Is at $57.45.
Point & Figure: Reversed to the upside on Nov 30, 2011. A P&F upside
reversal takes place at $54.00. Summary: Technical indicators have turned bullish. BUY! POWER SHARES QQQ TRUST
(QQQ-Nasdaq) @ $57.25 Stop: Use a protective stop of $54.75.
POWER SHARES QQQ TRUST is currently trading @ $56.90 plus $1.07 on Jan 3, 2012. Price Objective:
$67.50. Risk/Reward: $2.50 VS. $12.25. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$67.50
Risk/Reward:
$2.50 VS. $12.25
Risk/Reward Ratio:
5:1
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