I think CQR is preparing for a move to the upside as price is now above the 200SMA and 50SMA and it has also broken the Bearish Trendline
with High Volume
. I think it is preparing for a move towards its previous Highs.
TP1 - $3.90
TP2 - $4. 05
Stoploss - $3.30
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.