$QHL:ASX - QUICKSTEP HOLDINGS - Aerospace and Defence up 50%

Quickstep popped up on a couple of my momentum scans and the whole aerospace and defence sector seems to be pretty hot at the moment so thought I would add this to my watch list. It gained almost 50% over the last month and has since been trading sideways for the last couple of weeks, so I would like to see it break above 13 to confirm direction. The Trading View indicator has switched over to suggesting it is a strong buy on its TA consensus indicator which could also be a good sign. Worth a watch.

Current demand: 92 buyers for 6,144,075 units vs 58 sellers for 4,233,989 units.

Quickstep Holdings Limited is an Australia-based provider of advanced composite components and manufacturing processes for the aerospace, defense, marine, automotive, and other transportation sectors. The Company's segments include Aerospace Manufacturing and New Technology. The Aerospace Manufacturing segment manufactures aerospace composite components, primarily using traditional manufacturing technologies, such as autoclaves, and targeting additional manufacturing contracts. The New Technology segment is engaged in the development and manufacturing of parts utilizing the Company's Qure and Resin Spray Transfer (RST) processes, and licensing and providing Quickstep machines to Original Equipment Manufacturers (OEMs) and their suppliers and further product and technology development.

Comment:

Spent quite a bit of time tracking sideways. Is this the start of a breakout?