NewroadTrader

Buy $QID - NRPicks 23 Abr

Long
AMEX:QID   ProShares UltraShort QQQ
ProShares UltraShort QQQ is an ETF that corresponds to twice the inverse (-2x) of the daily performance of the NASDAQ100 index, an index that includes 100 of the largest national and international non-financial companies that are listed on the Nasdaq stock market based on capitalization stock market.

The market during the first days of the week showed signs of a correction, however, the indices are still very close to their all-time highs, a psychologically important level.

We consider it a good investment to enter a 2x Inverse of the QQQ index aiming for it to decline after registering a new high that is below 1%.

- RSI oversold
- 5M average volume

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