Have touched our first target at 0.86 today, MORE UPSIDE? Click here to Open A Free Trading Account and Stop Missing Out
Sent: Wednesday, 15 July, 2015 9:27 AM
Subject: ********Q&M Dental: potential breakout above 0.800, price 0.795, Watchlist
Subject: ********Q&M Dental: potential breakout above 0.800, price 0.795, Watchlist
As mentioned yesterday, Q&M Dental has tested the critical 0.800 psychological resistance level today on top 10 volume. Any clearing above 0.80 – 0.805 level can signal a new upward phase with that being the new support level. Immediate support would be at 0.76 – 0.77 for now with a 4 cents range created. As long as this support holds in the short term, still room for any rebound opportunity with 20 day MA line starting to reverse upwards. Can consider averaging up on a convincing breakout to ride the upside towards 0.86 then 0.96 while raising stop loss upwards to 0.79 on a breakout.
Sent: Tuesday, July 14, 2015 9:50 AM
Subject: ********Q&M Dental: Seems to have found a bottom, price 0.785, potential breakout play above 0.805
Subject: ********Q&M Dental: Seems to have found a bottom, price 0.785, potential breakout play above 0.805
Q&M Dental has broken above the temp resistance at 0.765 yesterday and today pushed higher further with volume still above average. 20 day MA line on the verge of flattening out and reversing after trending down for about a month. A clear breakout above the 0.800 – 0.805 level can pave the way higher for recovery back to 0.86 then 0.90. MACD momentum indicator turning upwards finally on today’s price action with a bullish crossover over seen with Stochastic showing more legs to the rebound especially if it can cross 0.800 psychological resistance. KIV.
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