QH : Looking better, but plenty of resistance over head
March 31, 2011 Leave a comment
It was QH’s turn for a volume supported breakout Thursday, but compared to past rallies, volume needs to increase a lot if the stock is to rally much above 2.40.
There is a strong first resistance at 2.28 from where the journey to 2.38 should be easier than the effort needed to break through the 2.20-2.28 range.
Consider a punt if not already long from 2.18 or so if it dips a tad on Friday or early next week.