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no1stockpicker
Oct 14, 2021 11:21 AM

High conviction breakout forming into second major trend channel 

QUARTERHILL INCTSX

Description

QTRH / QTRHF has reclaimed bottom trend channel. Also at major convergence point of two key trend lines.

It has been consolidating support at the 2.80-2.90 level.

Short term target of $4. Opportunity to build position at this point. Get aggressive short term if stock closes above $3.

A Break and hold above $4 is key support / resistance level for a parabolic move linked to this idea.

Low risk, high conviction setup.
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