QQQ path to 400

Let’s take a closer look at QQQ using the daily chart. There are two gaps below, indicating a potential area of interest. Gaps often act as support or resistance levels in the future. Considering the historical price behavior, a pullback of 4 to 7% seems plausible.

If we anticipate a pullback within this range, it presents an opportunity for traders to consider a potential trade idea. With a target profit of 400, we could aim for a price level that reflects such a gain. It’s important to note that specific entry and exit points, as well as risk management strategies, should be determined based on individual trading preferences and additional analysis.