What to expect from QNT during Quarter 2, 2024.

What to expect from QNT during Quarter 2, 2024.

Not much changed from previous numbers as current market moves is irrelevant to the future prices as the future prices already confirmed.

Lets breakdown the prices:

$116.20

New support over 1st week of April = $126.4 follow by $127.4.

First Distribution price for April Accumulation stage = $132.4 follow by $133.9, $136.20 ( This will be a support over week1 & week 2 of April.

Market will have a mid Retest then expect the following prices:

$138.30

$146 Follow by $146.90

$148.20

New support over March period = $152.5 Follow by $153.70.

At $153.70 market arrived at Advance Stage (2), expect mid retest before the main breakout.

The breakout price will be the below numbers.

Execution price = $172.1
Distribution price = $175.4

Comment:

Just adding for short trader:

First Distribution price : $103.9 Follow by $104.3

Retest will be : $98.70 to $98.4

Then:

$109.2

$109.8

$110.6

Distribution price = $112.9

Comment:

We can add more numbers:


$110.1
$111.7
$112.5
$113.9
$114.4
$116.1

We will need a retest at the level of $107, $106 Range.

Comment:

QNT will go to $127.3 then will create a bearish move and could drag it down to $88 still, until a good 2 confirmation above $127.3 is not confirmed it may go to the area of $88.2 as there is a trap hiding in that area.