daily break out looks good, however on closer inspection ( 4 hour ) a bearish candle was planted right as the RSI and MOM indicator closed bearish. i think down to new support line which is bullish long term
BREAK OUT THROUGH RESISTANCE CONFIRMED, LOOKING FORWARD FOR RESISTANCE TURN INTO SUPPORT AND FURTHER ELLIOT WAVE RALLY.
WE NEED TO REMEMBER ABOUT BIG ANNOUNCEMENT IN NOVEMBER BY QUANT NETWORK.
BUY ON RUMOURS SELL ON NEWS
THIS IS NOT FINANCIAL ADVICE
Quant has been pretty good for range trading recently, but has fallen out of a larger upsloping trend (fib channel).
It has low volume and can be volatile, though recently less so, and also recently is not printing anything that tidy or easy to trade (for me at least).
Currently waiting for a re-entry to break even on my last trade and see what develops...
QNT has been ranging in this channel for some time, bouncing nicely.
Daily now looks quite bearish, and it broke below the lower fib support for the first time since entering this range.
Currently testing the 200MA.
Low volume means it can be quite volatile so maybe there will be a large bounce