Quant had an amazing run from late May through mid July. A correction was needed and it appears that it is complete. There was a perfect retrace to the bottom of the .618 Fibonacci zone. During the correction, volume decreased (bullish) and a nice falling wedge has been formed. It looks like this wedge could be broken soon because there is about to be a bullish cross on the MACD chart for the first time since May. After this last cross occurred, there was a 6x in price. We may not see that kind of growth this time around but we should see a nice spike in the price.
*This is not financial advice. I am not responsible for any losses of money.*
*This is not financial advice. I am not responsible for any losses of money.*