Can it stay above 0.300 support now?
Sent: Tuesday, December 09, 2014 1:03 PM
Subject: ****************** QT Vascular: Weakness likely again below 0.26.... cautious long position. price 0.265
Subject: ****************** QT Vascular: Weakness likely again below 0.26.... cautious long position. price 0.265
From previous call last week, QT Vascular did not mange to climb back above the 0.300 new resistance level still. Note that downtrend can still be intact as long as 0.30 remains as the resistance now. Range would be 0.26 to 0.30. Below 0.26 would not be good and it can push towards 0.200. Careful long positions below 0.25. 20 DAY MA line still trending downwards gradually and a reversal upwards don’t look like anytime soon. Note that at current levels, it is an all time low, even below the low set in May this year which can be seen as negative in the mid term too.
Sent: Monday, December 01, 2014 10:48 AM
Subject: ****************** QT Vascular: Weakness likely again below 0.29.... cautious long position. price 0.285
Subject: ****************** QT Vascular: Weakness likely again below 0.29.... cautious long position. price 0.285
Just have to be careful as it has broke the 0.300 support as mentioned last week. There can be more downside to 0.25 then 0.20 if it remains below this new support turned resistance level. Trend lines still pointing lower and a NEW LOW currently which is not a good sign.
Sent: Tuesday, November 25, 2014 9:37 AM
Subject: ********************* QT Vascular: Weakness likely again below 0.29.... cautious long position. price 0.300
Subject: ********************* QT Vascular: Weakness likely again below 0.29.... cautious long position. price 0.300
QT Vascular may have found a support around the 0.29 – 0.295 level. This was also the support seen in April this year before it rebounded to above 0.500. Note that any breakdown below 0.29 will not be a good sign and we can likely see it trade lower to 0.25 then 0.20. Has been resisted by the downwards sloping trend line since July with 20 DAY MA green line still sloping downwards consistently. Careful of the breakdown.
Sent: Monday, November 10, 2014 9:14 AM
Subject: ********************* QT Vascular: Immediate support breakdown seen, price 0.315, Weakness likely.... cautious long position.
Subject: ********************* QT Vascular: Immediate support breakdown seen, price 0.315, Weakness likely.... cautious long position.
From previous sell call, QT Vascular resistance has still been at 0.37 and it did not manage to break upwards above it. Has been consolidating from 0.32 to 0.37 for about 3 weeks and today we have seen it breakdown the 0.32 support on stronger than average volume. Likely to head lower to test next critical support at 0.300 which was the low set in May this year before it rebounded. 20 day MA LINE still sloping downwards since July already and no reversal insight below 0.37 resistance still. Note that any breakdown of 0.300 support can signal a new down phase to 0.25 possible to find a new low. Cautious for long positions.
Sent: Wednesday, October 15, 2014 9:53 AM
Subject: Follow Up ************************ QT Vascular: Back to 0.34 support level, poised for more downside below.... price 0.345
Subject: Follow Up ************************ QT Vascular: Back to 0.34 support level, poised for more downside below.... price 0.345
From previous note on QT Vascular, it did not manage to cross above 0.40 resistance level and has instead broke below consolidation support at 0.37 a few days back. Next support is now at 0.34 level which it is still testing. May consolidate from 0.34 to 0.37 first before more direction. Break below 0.34 can see it go to 0.30. As long as 0.37 is a resistance, don’t look positive in the short term, especially with a weak overall market. Stochastic and MACD indicator still sloping downwards consistently with 20 day ma SHORT term line too.
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