TA AND CHART FOR THURSDAYHi -- Someone asked for a ta and chart -- so, here it is.
I think QEC has come out of the bear market trend very nicely. The stock bottomed at $3 or so and then retested the low last week and it held nicely. This action produces a double bottom on the chart and it a good sign that the worst is over for QEC -- Yesterday was a very bullish white candle that broke out over the 20 ema and this was a strong sign - the little pullback today was very normal, but I would be looking for more upside tomorrow. I think there is a good chance that QEC will retest thoses support areas around $5 and then around $6 - for now, I would be looking for a run to the $5 range. So -- QEC is looking fairly bullish at this time and the buyers seem back in control. I would give the stock a chance to run again -- but -- breaks under $3 -- just sell !! Good luck with this one. Here is the daily chart. Zeta
