Qt vas was mentioned for long (http://www.investingnote.com/posts/31847) on Monday. it showed strong momentum after the buy call and hit the profit target of 0.110 THE NEXT TRADING DAY (Tuesday), a 8% move when STI close weak yesterday, those who caught the opportunity may feel very good. But it is not the first time Qt vas was caught for a nice move (http://www.investingnote.com/posts/30988) already, a 10% move was caught in late Oct. So because it moved up a lot within short period of time, we may need to be cautious liao
What's next for QT vas? I feel the resistance at ard 0.118-0.120 is quite significant, since it has gone up a lot recently, I will not expect to breakout this level of resistance very quickly at this moment. So generally I am thinking of sell on strength today below the resistance of 0.118-0.120. but eventually how will it move, it all depends on the market. Let’s watch it~
To read other articles from Robin Han, just click the link below:
www.RobinHanTrading.com
What's next for QT vas? I feel the resistance at ard 0.118-0.120 is quite significant, since it has gone up a lot recently, I will not expect to breakout this level of resistance very quickly at this moment. So generally I am thinking of sell on strength today below the resistance of 0.118-0.120. but eventually how will it move, it all depends on the market. Let’s watch it~
To read other articles from Robin Han, just click the link below:
www.RobinHanTrading.com
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