Looking at the , we do indeed see that after the initial listing the died down, but has picked up somewhat during the last few months. This also caused a breakout from the yellow dotted trendline and now we have seem to have started a new upwards trend. At this point, QRL has retraced to around the 0.0618 fibonacci level and approaching the lower trendline. We might see a reversal and start of leg 3 in the coming week. The StochRSI also indicates that we could go up from here and the is pointing upwards as well. The looks neutral, but the lines are starting to converge. For now, I'm waiting out and will only enter the trade once all of these indicators and price are confirming an upwards move. Will keep an eye on QRL coming week.
However, I did not update this idea earlier (or any others), since I think that the whole market is more or less in a no trading zone. To me, there is no clear direction at this point, so I'm waiting out until I see some confirmation of price movements.
Strong breakout from the falling wedge.