QH : Still lacking the huge trading flows of old
April 10, 2011 Leave a comment
In our view QH needs a massive increase in volume if it is to fun to trade any time soon. On a longer term basis volume has not been good for over half a year now, and it is the return of big flows that we await.
The stock might come off to the support band which spans from 2.18 to 2.14, but we doubt it will go below here just yet.
Consider entry at 2.16 or so with an initial re bound target at 2.32, then possibly on to 2.46-2.48 if flows pick up to the 400-500m level for a day or two.