BEST STOCKS TO BUY TODAY: PSQ @03/09/2023
| Ticker | PSQ, Financial | Note |
| Last Price | 13.45 | |
| Buy | 13.45 | Limit Order This is generated by our mechanical trading system. Please read the chart section for more detailed and flexible entry options. |
| Target | 14.8 | Default at 10%, Or Sell when close below ma5(short term)/10(midterm)/20(long term) or when big down day or when formed inverted hammer at a resistance level |
| Stop | 12.95 | |
| Reward/Risk | 2.67 : 1 |
More Technical Status
| ATR | 0.26 | |
| Beta | – | |
| RSI(14) | 53.70 | |
| SMA20 | 2.23% | Distance to SMA20 |
| SMA50 | -1.38% | Distance to SMA50 |
| Recommendation | – | Analysts’ mean recommendation (1=Buy 5=Sell) |
Our system generated several buy signals today. PSQ is one of them. Let’s take a look at this stock’s chart.
Prepare for the worst.
Normally we don’t short. However with current market condition, with employment number tomorrow and CPI later, it seems the market sets the tone for more downside.
In order to hedge or take the advantage of the downwards, you can buy this QQQ bear ETF. The first clear target is going to be $13.70 level. If it made to about $14.00 level, I would recommend to get out. It is not safe to hold bear fund for long.
More info about PSQ
The ProShares Short QQQ ETF (PSQ) is a type of exchange-traded fund (ETF) that seeks to provide the opposite performance of the NASDAQ-100 Index on a daily basis. This means that if the NASDAQ-100 Index goes down in value, the PSQ ETF should go up in value, and vice versa. The PSQ ETF achieves this through the use of various financial instruments such as futures contracts and options. This fund is primarily used by investors who wish to hedge their portfolio against potential declines in the technology-heavy NASDAQ-100 Index.