$QNT is currently sitting on a strong support around $112, but could test a stronger support level down at the $106 area. Obviously this would be the best level for taking a position, but also dont want to miss an entry at the current S/R level. Im going to enter pending the next 1HR candle close (possibly longer depending on volume). Recent highs have tested resistance at $132 but could not push through. $QNT may range in this zone for awhile as it has over the past few months. This opens up potential for scalps and short time frame S/L positions. (Note: This is not financial advise)
Comment:
$QNT Bounced right off the $112 support and is rising. Currently at $117.85