QHL 0.00% 15.0¢ quickstep holdings limited

Howdy, This has been a notoriously difficult stock to chart,...

  1. 199 Posts.
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    Howdy,
    This has been a notoriously difficult stock to chart, well not to difficult as it's been down for a long time so who likes to catch "falling knives"? Well me in this case, it's a stock that has gone against my general trading/stock picking methods but one I believe in and slotted into the bottom draw.
    Just thought in light of Lexcorp discussing the QHL chart we might start a separate thread where we can share a few ideas. For me personally I try and keep things simple, i.e support and resistance and perhaps a method to back up that support or resistance theory, for example fibonnacci (not shown here) and bollinger bands to get an idea of momentum, however that's about it. I particularly like when stocks are coming off historic lows.
    What I  like about QHL is it does appear to be forming a 1-2-3 bottom (my No.3 was at 0.085 however) and as Lexcorp said in another post, there is certainly a test going on at the moment of the recent support. To be honest I would have liked 0.085 to hold on Friday (was resistance then became support), however despite this the low was 0.082 on Friday before closing at 0.083, so still support there. I've slotted in a new downward trend line in white for the recent slide from 0.096.
    Cheers....
    qhl-chart.png
 
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Last
15.0¢
Change
0.000(0.00%)
Mkt cap ! $10.75M
Open High Low Value Volume
15.5¢ 15.5¢ 15.0¢ $15.67K 104.2K

Buyers (Bids)

No. Vol. Price($)
1 1741 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.0¢ 15000 2
View Market Depth
Last trade - 15.24pm 04/06/2024 (20 minute delay) ?
Last
15.0¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
15.0¢ 15.0¢ 14.5¢ 84898
Last updated 15.24pm 04/06/2024 ?
QHL (ASX) Chart
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