Hey guys, so I'm a young eager investor and I've taken up technical analysis as my focus. RQB is not a stock I place much value in through technical analysis.. as it's a speculative. For instance HC licenses change everything.
However, I want you to take a look at the daily volume on this stock.
Notice there's been a whole lot more buying volume (green), than selling (red). That's a good thing to see, especially before a breakout... those HC licenses are gonna be printed on shets of green paper.
In addition, I marked a trend line about a month ago... and we're still bouncing off of it.
We're getting close to the line... so it will be interesting to see if it continues to trend downward or if it's gonna be increasing finally haha.
However, I want you to take a look at the daily volume on this stock.
Notice there's been a whole lot more buying volume (green), than selling (red). That's a good thing to see, especially before a breakout... those HC licenses are gonna be printed on shets of green paper.
In addition, I marked a trend line about a month ago... and we're still bouncing off of it.
We're getting close to the line... so it will be interesting to see if it continues to trend downward or if it's gonna be increasing finally haha.