Stock Technical indicators to notice in QUESTAIR TECH INC (QAR.TO)
1- Last bearish trend was from 0.75 $ (6/3/2009) to 0.70 $ (6/4/2009) a 0.05 $ move 2- The current bullish trend started from 0.70 $ at 6/4/2009 and is currently trading at 0.75 $.
4- QAR.TO current resistance level is at 0.76 which is the 127.20 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
QUESTAIR TECH INC (QAR.TO) Short term stock chart patterns for internet stock trading :
7- The Stock formed a 0.110 $ height triangle which was broken up at 0.750 in higher than usual volume, target of the pattern is 0.860.
QUESTAIR TECH INC (QAR.TO) Mid term stock chart patterns for internet stock trading :
8- The Stock formed a 0.110 $ height triangle which was broken up at 0.750 in higher than usual volume, target of the pattern is 0.860.
QUESTAIR TECH INC (QAR.TO) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 0.660 and 0.350 that was broken down at 0.670 transforming into a resistance line.
Stock Trading Conclusion:
QUESTAIR TECH INC (QAR.TO) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 0.764, 0.781, 0.860, 1.055.
Stock Support levels : 0.739, 0.738, 0.731, 0.725, 0.719, 0.712, 0.700,.
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