When most of our eyes focusing on cryptocurrencies like Bitcoin, let's focus on some penny stocks with explosive growth.
This stock was filtered in the list of Top 5 by VectorVest - Special Searches - Ballistic New Highs on 20-Nov-2017.
CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines. QBL.AX has a CI of 1.25 on 20-Nov-2017, which was good on a scale of 0.00 to 2.00. The other shortlisted stocks such as ICT, THC, VRX and SYA had CI < 0.70.
By look at the graph itself, my entry was at 0.038 because the MACD is trending upward, and it did most likely break the previous high on 14th.
Since VectorVest has done the fundamental analysis for us, we simply apply trend-based indicators and trend line analysis.
Is 5.6c the bottom and hopefully see it go up from here
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