QGC is poised to break its short term downtrend from its...

QGC is poised to break its short term downtrend from its February top until now!

Volume is increasing around the 40c mark which should signal some sort of base - hopefully! 39.5c represented a neat 78.1% retrace for thew last move so you would expect this to hold!?

As at todays price, needs to push through 42.5c to indicate a short term break north!

If not, may drift on down to the 36c mark - but that would be pushing it! But then again......capping at 41c!

MACD and RSI both looking to punch upwards supporting the price.

Happy trading.