$QUES Daily Chart ~ Chart Is Set For New Highs
Post# of 2561
Posted On: 06/24/2014 6:26:57 AM
$QUES Daily Chart ~ Chart Is Set For New Highs
Four days of increasing volume along with four days of consecutive green has just about brought QUES to a new high of the year. The move up from an intraday low of .41 just six days ago represents just over a 75% move from that low. Yesterday's volume was the highest since March. Rumors of news and possibly another solid acquisition or two would certainly move the stock over the previous high of .72. One clue that a short term bottom was in could be seen in the low volume after the selloff in early June. As the selling dried up, the share price stabilized with a bottom at .40/.41. I'm now looking for a breakout above the previous high as it could lead to a quick pop toward $1.00. Not bad for a position that began for us at .07/.08 just over six months ago. Less than six months to go for long term capital gains along with a very healthy return. Keep in mind that my personal target for QUES is in the $3-$5 area, based on the current fundamentals. GLTA
Four days of increasing volume along with four days of consecutive green has just about brought QUES to a new high of the year. The move up from an intraday low of .41 just six days ago represents just over a 75% move from that low. Yesterday's volume was the highest since March. Rumors of news and possibly another solid acquisition or two would certainly move the stock over the previous high of .72. One clue that a short term bottom was in could be seen in the low volume after the selloff in early June. As the selling dried up, the share price stabilized with a bottom at .40/.41. I'm now looking for a breakout above the previous high as it could lead to a quick pop toward $1.00. Not bad for a position that began for us at .07/.08 just over six months ago. Less than six months to go for long term capital gains along with a very healthy return. Keep in mind that my personal target for QUES is in the $3-$5 area, based on the current fundamentals. GLTA
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