QLYS getting quashed
Bearish on QLYS.
Long term headed towards 135.
Short term:
Possible bounce toward 180-185 from current price of 165. But only if it at least holds onto the 165 level until April 5th to clear its current downtrend.
Then a drop to 145, making another bounce to165 before making its final drop to 135.
Slight chance it may make a quick dip into the low 120's just to check in with its baseline, but if it does happen it would be quick. I'd look into buying here because I would be bullish on QLYS at that point.
Since I have no confidence as to the time frame, I won't be making any plays on this analysis. But just so I can check back in after it plays out for a bit, best guess now is 135 low in the latter half of May.
Long term headed towards 135.
Short term:
Possible bounce toward 180-185 from current price of 165. But only if it at least holds onto the 165 level until April 5th to clear its current downtrend.
Then a drop to 145, making another bounce to165 before making its final drop to 135.
Slight chance it may make a quick dip into the low 120's just to check in with its baseline, but if it does happen it would be quick. I'd look into buying here because I would be bullish on QLYS at that point.
Since I have no confidence as to the time frame, I won't be making any plays on this analysis. But just so I can check back in after it plays out for a bit, best guess now is 135 low in the latter half of May.
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