Borqs Technologies Inc (NASDAQ:BRQS) volume and price are on the rise and this stock is really getting some momentum behind it. The share price has finally crossed and closed above the declining 50-day EMA, which is very positive. All major short-term EMAs have started moving up, with the 9-day EMA above the 20-day EMA for the first time in more than 2 months....
I assume this has to be the bottom and now it is the time to step in.
%G will be more and more used over world and is for many systems the future. Long term hold is even more profitable as I mentioned in the chart, but we have to wait.
First target is $3
BRQS Borqs Technologies is sitting now close to all time low at the strongest support, with bullish news lately.
Yesterday`s volume was high, 18mil, for a mk cap of 105mil.
My price target is the 2.1usd resistance.
Borqs Technologies Inc operates as a software development company. It is engaged in software, development services, and products providing customizable, differentiated, and scalable Android-based smart connected devices and cloud service solutions. The company's segments include Yuantel and Connected Solution. Borqs derives most of its revenues from its Connected...
Borqs Technologies Inc (NASDAQ:BRQS) has held support at the 85c level and is displaying a screaming buy divergence on the upside. MACD has generated a new buy signal and RSI is in their buy mode. In addition, some Institutions are buying the stock again and the recent downtrend in my opinion is most likely over. A break above the 97c level can see the stock trade...
Borqs Technologies Inc (NASDAQ:BRQS) dipped by 5.31% on Friday as the stock pulled back after Wednesday's spike. The stock closed at $1.07 a share and looks poised to rebound. Looking at this technical hourly chart above, what makes me think we are very close to a bottom is the last five candles have seen lower volume and a price stabilization exactly abv support....
WYCKOFF RE-ACCUMULATION PHASE; STRONG SUPPORT WITH RECENT HIGH INFLUX OF VOLUME
Influx of Volume below 200MA resistance levels, loading zone
We are at the accumulation stage below 200MA levels, within 2 years time frame it will double its PT by the previous Resistance levels
Grabbing BRQS again at these levels, a few weeks ago I grabbed some at $0.85 and it popped to $1.06. looking good for another bounce soon IMO.
This is all JMO, I am NOT a financial advisor. Please DYODD.
Borqs Technologies Inc (NASDAQ:BRQS) successfully tested the support and closed above the rising 200EMA. What needs to be watched from here out is whether it is still being accumulated. The bounce off the recent sell-off lows could potentially be the start of an even higher move. I love 5G plays going forward. I'm long here.