Tag Archives: QFI

Trade: QFI Speculative Buy Opportunity

Trade: QFI Speculative Buy Opportunity

Snapshot:

 

QFI Speculative Buy Opportunity
QFI Speculative Buy Opportunity

Even though there are chances of it falling over to 10p area due to HNS pattern formation (see below a chart from  November 20th, 2015) there can be a speculative buy opportunity right now for a short term gain.

QFI Head and Shoulders Pattern
QFI Head and Shoulders Pattern

Reasons For Trade:

  1. Almost oversold
  2. 100sma providing support around 14p
  3. 14p area is neckline of HNS pattern which may throw one last bounce
  4. Expectation of news can create hype on Monday
  5. Possible Bat Pattern formation if price holds 14p price level

Stop Placement:

12.5p

Targets:

First: 18p

Second: 21p

Trade Execution:

On Market now for a good entry level

Concerns:

Speculative buy

Planned News/Events Expected:

Expected

Post Execution Review:

 

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