QH : Possible dip to 1.91 or so early next week.

The number 2 is QH’s lucky number. A weekly or worse still a monthly close below 2 would not be a good sign, and would place 1.91 then 1.77-1.80 as first and second support.

The counter has been good for a technical rebound trade from 2 or so many times over the past 18 months, but we fear this time luck will desert, and the counter will dip to at best 1.91 early next week.

Obviously there is some chance the market makers will make sure it holds north of 2, so its time to monitor closely for signs of the MM’s intentions.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: