This is one of the strong stocks to lookout for. The stock corrected along with the whole market, difference is that QTT did not correct as deeply as the other stocks. Risk-reward at current level are not attractive. Either wait for a dip of breakout.
I think I still might wait for this near 4.46 before trading this. If it trends, better to wait for the breakout at 6.29. I am expecting a natural reaction on the 50DMA as to strengthen my conviction on this trade.
Entry at 4.46
Stop at 4.25
I think I still might wait for this near 4.46 before trading this. If it trends, better to wait for the breakout at 6.29. I am expecting a natural reaction on the 50DMA as to strengthen my conviction on this trade.
Entry at 4.46
Stop at 4.25