According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Powershares Nasdaq Internet (NASDAQ: PNQI) to foretell upcoming changes. A current example is provided below. There are trading plans for PNQI, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Strong | Neutral | Strong |
P1 | 0 | 0 | 238.69 |
P2 | 248.12 | 249.19 | 255.40 |
P3 | 252.53 | 254.35 | 272.14 |
Long Term Trading Plans for PNQI
April 16, 2021, 3:15 pm ET
The Technical Summary and Trading Plans for PNQI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PNQI Report.
PNQI - (Long) Support Plan
The technical summary data tells us to buy PNQI near 238.69 with an upside target of 255.40. This data also tells us to set a stop loss @ 238 to protect against excessive loss in case the stock begins to move against the trade. 238.69 is the first level of support below 246.934 , and by rule, any test of support is a buy signal. In this case, support 238.69 would be being tested, so a buy signal would exist.
PNQI - (Short) Resistance Plan
The technical summary data is suggesting a short of PNQI as it gets near 255.40 with a downside target of 238.69. We should have a stop loss in place at 256.14though. 255.40 is the first level of resistance above 246.934, and by rule, any test of resistance is a short signal. In this case, if resistance 255.40 is being tested, so a short signal would exist.