QRL's Decision time
It seems to me that the correction is finished and I'm looking for a potential breakout to the upside.
Looking at the recent upwards move and its correction, and using Fib extensions my next long term target is towards $8 but that's a long way to go.
Lets first look at a smaller time-frame: I see that $QRL bounced strong after the last dump, which gives me a calculation for next target which is projected on the chart. We might have started a new uptrend which leads to that $2 but I need to be convinced more before I'm more sure about that. Therefore, I want to see breaking it out of this downtrend. Once broken out, we can buy.
Happy trading!
Looking at the recent upwards move and its correction, and using Fib extensions my next long term target is towards $8 but that's a long way to go.
Lets first look at a smaller time-frame: I see that $QRL bounced strong after the last dump, which gives me a calculation for next target which is projected on the chart. We might have started a new uptrend which leads to that $2 but I need to be convinced more before I'm more sure about that. Therefore, I want to see breaking it out of this downtrend. Once broken out, we can buy.
Happy trading!
Comment:
Breaking upwards, let's see if it keeps up.
