Friday, February 10, 2017

QT Vascular: Some support seen for now, but not out of the woods, price 0.056

Following up from previous call 3 weeks back, we have indeed seen the breakdown of the 0.070 support eventually and more selling happened.

For more than a week, we have seen some support around the 0.054 – 0.055 level where it is still holding for now.

Longer term trend still weak for now as long as 0.060 is a resistance.

We may increase short positions further on a specific price action.

From the system, we actually had BEARISH ENTRY SIGNALS last month just before it decide to sell down faster. See below chart.

Still no exits yet, so cautious, especially if you are still holding.

A client has asked me if this counter can still rebound so just decided to take a look again.

She is still holding. How I wish she had seen that signal. Would have saved her a few thousand dollars. Shucks...

For illustration purpose only


Recent Email:
Sent: Tuesday, January 17, 2017 11:55 AM
Subject: ******* QT Vascular: More dowside likely below 0.070, may test that soon, cautious long... price 0.074

For illustration purpose only

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