TA AND CHART FOR QECHi - Someone asked for a ta and chart for QEC -- so, here it is.
QEC has had a great run, but it appears to be getting overextended at this point. We have seen 4 bullish gaps in this run and it is certainly time to be watching for a possible top reversal candle or pattern. The candle forming today so far is a bearish candle - it has a long upper shadow -- sign of lots of selling come out -- it is forming a shooting star candle or hanging man candle - both bearish, so -- this could very well be the reversal and correction warning. I would use a stoploss at the low of the candle today -- 3.76 - breaks this and it is very likely a correction is around the corner if it keeps run, you are still in the game!! -- If it does not break under this 3.76 market today, then the sell confirmation would be a black candle on Monday, with a lower low and lower high -- looks like a major reversal warning is forming in my opinion. Hope this helps. Here is the daily chart to date. Zeta
