CFD Trading – Buy Invesco QQQ Trust (QQQ.NAS) @ $324.60. Stop @ $315.60 and Target @ $338.20

Invesco QQQ Trust Inc. Stock Code QQQ.NAS

Outlook
Price reached a high of $338.19 on 16 February 2021 and entered into a price correction which brought price lower to $297.45. Last Friday, price almost broke above the cloud, when it closed right at the edge of the cloud.  Conversion line and Base line had a bullish crossover earlier and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud at the moment, confirming the bullish price trend.  MACD is bearish but there was a bullish crossover earlier.  If price is able to move above $324.60, it could be heading towards the previous high at $338.19.

Strategy                  
$324.60              Buy
$338.20              Price Target
$315.60              Risk Management Stop
3 weeks              Trade Duration

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