Bullish potential detected for QUBEntry conditions:
(i) higher share price for ASX:QUB along with swing up of indicators such as DMI/RSI.
Depending on risk tolerance, the stop loss for the trade would be:
(i) a close below the bottom of the formed channel (i.e.: below $4.20), or
(ii) below previous support of $4.11 from the open of 9th May, or
(iii) below the rising 150 day moving average (currently $4.07).
QUB trade ideas
Bullish potential detected for QUBEntry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:QUB
- i.e.: above high of $4.04 of 28th November (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $4.00 from 25th November.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 13th December (i.e.: below $3.80).
QUB.ASX_Retracement Trade_LongENTRY: 3.32
SL: 3.17
TP: 3.46 - 3.50
- ADX>20
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Retraced to 38.2% fib level and HVN. Holding well and rebounded today with good volume in current weak market condition.
QUB Technical Analysis; price and volume breakoutQUB Technical Analysis; price and volume breakout
Share prices have broken through the resistance trend line from a significant drop from $3.25 with a massive volume after weeks of consolidation. We could be looking at some great moves to the upside if it remains above the $3.00 mark. $2.90 is an area I would consider the last line of defence.