We saw some crazy moves in qholding, for now its taking a pause right near the strong resistance area. Last closing is not very promising we can see some sellers coming out of the bush in some volumes. At this point of time we need angry bulls to jump in are defend the territory.
Price is above 200 EMA giving us good indication its in a uptrend. But now the question is..is it time for correction?
Strong support at 3.50 and it have testing successfully with strong buying pressure, if it does not now 3.70 are then there are good chances it may revisit 3.50 and come back to break 3.77-3.80 zone.
News Effect
With the positive news hitting the market about qholding the stock price rocketed and now we expect it to sustain the gains.
If we look at the lower time frame 15 mins chart we can see side ways price action this is a good sign of relief that bulls are still active else bears would have taken control already as the price is just at the perfect place to short.
Price is above 200 EMA giving us good indication its in a uptrend. But now the question is..is it time for correction?
Strong support at 3.50 and it have testing successfully with strong buying pressure, if it does not now 3.70 are then there are good chances it may revisit 3.50 and come back to break 3.77-3.80 zone.
News Effect
With the positive news hitting the market about qholding the stock price rocketed and now we expect it to sustain the gains.
If we look at the lower time frame 15 mins chart we can see side ways price action this is a good sign of relief that bulls are still active else bears would have taken control already as the price is just at the