Stock Technical indicators to notice in Q2M BIOTECH (QBI.F)
1- Last bearish trend was from 2.00 $ (11/30/2010) to 0.91 $ (7/20/2011) a 1.09 $ move 2- The current bullish trend started from 0.91 $ at 7/20/2011 and is currently trading at 0.96 $.
4- QBI.F current resistance level is at 1.17 which is the 23.60 % fibonacci retracement of the last 1.09 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
Q2M BIOTECH (QBI.F) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.000 and 2.040, and is currently resisting at 1.921.
Q2M BIOTECH (QBI.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.040 and 2.200, and is currently resisting at 1.542.
Q2M BIOTECH (QBI.F) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2.040 and 2.200, and is currently resisting at 1.542.
Stock Trading Conclusion:
Q2M BIOTECH (QBI.F) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 1.167, 1.326, 1.455, 1.542, 1.584, 1.921, 2.000, 2.296, 2.674.
Stock Support levels : 0.948, 0.941, 0.935, 0.929, 0.910,.
