Today's Aussie Market Buy/Sell ratio = 0.32
Buys: 181
Sells: 568
Hold: 1285
Let's see some history relative timing RT values by VectorVest on this stock:
19-Apr : 1.32
18-Apr : 0.85
17-Apr : 0.71
16-Apr : 0.69
13-Apr : 0.67
RT analyzes a stock's price trend. QBL.AX has a Relative Timing of 1.32, which is very good on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
As RT -0.69% keeps rising in the last few days, it is a good sign for LONG position finally.
Let’s have a look on the technical analysis:
A "Continuation Wedge ( Bullish )" chart pattern formed on Queensland Bxt.
After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge ( Bullish ) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
Not only we have the falling wedge chart pattern breakout today, we also find MACD crossover UP one week ago and the 8 & 20 EMA crossover too, which are the good sign for LONG position.
Support & Resistance:
Ichimoku tells us that there is a minor resistance at 0.065 and a major one at $0.80. As today’s strong bullish candlestick closed sharply above the temporary resistance at 0.048, we expect more buys to come and enable QBL will hit 0.065 which is near Fibonacci Retracement 38.2% level.
In conclusion, we expect there is another 20% growth by next week.
This setup is only for aggressive Ichimoku traders because we don't normally recommend traders to take any positions when the candlesticks are inside clouds.
Buys: 181
Sells: 568
Hold: 1285
Let's see some history relative timing RT values by VectorVest on this stock:
19-Apr : 1.32
18-Apr : 0.85
17-Apr : 0.71
16-Apr : 0.69
13-Apr : 0.67
RT analyzes a stock's price trend. QBL.AX has a Relative Timing of 1.32, which is very good on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
As RT -0.69% keeps rising in the last few days, it is a good sign for LONG position finally.
Let’s have a look on the technical analysis:
A "Continuation Wedge ( Bullish )" chart pattern formed on Queensland Bxt.
After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge ( Bullish ) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
Not only we have the falling wedge chart pattern breakout today, we also find MACD crossover UP one week ago and the 8 & 20 EMA crossover too, which are the good sign for LONG position.
Support & Resistance:
Ichimoku tells us that there is a minor resistance at 0.065 and a major one at $0.80. As today’s strong bullish candlestick closed sharply above the temporary resistance at 0.048, we expect more buys to come and enable QBL will hit 0.065 which is near Fibonacci Retracement 38.2% level.
In conclusion, we expect there is another 20% growth by next week.
This setup is only for aggressive Ichimoku traders because we don't normally recommend traders to take any positions when the candlesticks are inside clouds.
