Came across this today. Possible nice R/R set up on QAN, watching to see how it reacts.
The $3 zone has a long history of support/resistance. We have recently seen support there june 2015, price is approaching the bottom of the komu (senkou span B), and the 38.2% retracement fib.
Price breakdown below the $3.20 line looks a bit over-extended/weak and a bit of divergence on the RSI.
S&D, S&R, Trends, Fork's and Turnarounds, page-174
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Last
1,592.0 |
Change
-1.400(0.09%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 1,593.2 | 1,607.2 | 1,585.3 |
| XLD (ASX) Chart |
