QS has had a pretty nasty drop over these past few weeks, running up 100% after stellar earnings, before ultimately coming down 50% back to where it started.
We're currently sitting right at a demand zone, with multiple levels of support sitting underneath.
I plan on scaling in a small position tomorrow after FOMC, and adding more if we dip to the levels of support down under.
I expect we're going to get a pretty solid reversal sooner rather than later. This setup is reminiscent of the
PYPL chart I posted about a week or two ago.
GLHF everyone!
We're currently sitting right at a demand zone, with multiple levels of support sitting underneath.
I plan on scaling in a small position tomorrow after FOMC, and adding more if we dip to the levels of support down under.
I expect we're going to get a pretty solid reversal sooner rather than later. This setup is reminiscent of the
PYPL chart I posted about a week or two ago.GLHF everyone!
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