Potential Buy/Long Setup on
QLT
driven by these key factors:
- Price support seen at 20.32 and 20.50
- Prior bullish turns on Money Flow Index accompanied by rising price while bearish turns has seen the price move lower. See chart marked 1,2 and 3 (bullish turns) as well A and B (bearish turns).
- Stochastic Bullish Divergence
- Accumulation/Distribution is trending lower however the RSI for the ACC/DIST is signaling bullish divergence
I am looking for strong price action above 2040c as confirmation for a buy/long.
Stop-loss: 1930c
Take Profit Target: 2270c
QLT
driven by these key factors: - Price support seen at 20.32 and 20.50
- Prior bullish turns on Money Flow Index accompanied by rising price while bearish turns has seen the price move lower. See chart marked 1,2 and 3 (bullish turns) as well A and B (bearish turns).
- Stochastic Bullish Divergence
- Accumulation/Distribution is trending lower however the RSI for the ACC/DIST is signaling bullish divergence
I am looking for strong price action above 2040c as confirmation for a buy/long.
Stop-loss: 1930c
Take Profit Target: 2270c