Another T/A fact is it held 1.3 and failed within a whisper to trade below that level and im now at the assumption that there are fresh bulls happy to accumulate at current price levels . Since last weeks price/volume spike QBL has settled in the accumalation zone on lower volume and holding support @1.3 and above. Im suspecting by the behavourial trading pattern on this stock that some series of announcements are imminent for this month of JUNE.
Anyway the.weekly chart is clearly painting a picture and the crowd are supporting these price levels, whilst observing the price spike of 1.9 from the 2nd last announcement indicating in advance of the resistance target too break , prior before we start staring @ 2.5 and above...
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