AQD 0.00% 1.1¢ ausquest limited

AQD Charts, page-17

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    AQD has a nice bullish pennant flag.(Consolidation taking place). Solid support @ 2.8c forms base of pennant.
    Next Target:
    Last H (3.7c) - Last L (2.8c) = 0.9c x Fibonacci Extension ratio 1.272 = 1.4c
    Add fib extension (1.4c) to Last L (2.8c) = 4.2c

    Next Upward Move:
    Flag pole = 3.7c - 1.1c = 2.6c
    Add to flag base = 2.6c + 2.8c = 5.4c
 
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