Qholding can bounceAt current levels qholding is looking interesting, right at the support level that is 3.30 good chances fresh buying can come in but due to the massive IPO that is Dubai Taxi Company we may see low volumes in the market so many stocks will suffer as investors will give priority to the big IPO. But i think once everything is settled this will be a good stock that can start to trend higher.
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Adxqholding
Lets Try AGAINMost of the stocks went into crazy selling pressure due to the global scenario, but now we are seeing some recovery coming in. One of the powerful stocks is qholding for now we are seeing some buying coming in but still we can expect a correction at current levels so watch out and plan for quick entry and exits.
There are good chances this stock and reverse a bit to start a fresh trend it can try to make a new high.
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Get ReadyTrend
Overall trend is still intact, qholding is still in a uptrend. But for now its looking very scary its been going side ways for so many days and I think this week it will breakdown (big Move) Since its been just ranging which obviously market does not like.
Break out
Which ever way it breaks out the move will be bigger, if it breaks down those holding their positions will panic sell which will further put pressure on the price. If it breaks to the upside people are waiting to catch this one and ride it.
Support Area
We can see on the chart 3.60-3.65 is holding tight so far but i think it will be broken very soon. Resistance is at 3.80 for now.
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Need Bull PowerWe saw some crazy moves in qholding , for now its taking a pause right near the strong resistance area. Last closing is not very promising we can see some sellers coming out of the bush in some volumes. At this point of time we need angry bulls to jump in are defend the territory.
Price is above 200 EMA giving us good indication its in a uptrend. But now the question is..is it time for correction?
Strong support at 3.50 and it have testing successfully with strong buying pressure, if it does not now 3.70 are then there are good chances it may revisit 3.50 and come back to break 3.77-3.80 zone.
News Effect
With the positive news hitting the market about qholding the stock price rocketed and now we expect it to sustain the gains.
If we look at the lower time frame 15 mins chart we can see side ways price action this is a good sign of relief that bulls are still active else bears would have taken control already as the price is just at the perfect place to short.
Time to take some restQholding for now i think is bit streched there are good chances in Mondays session it can open with a gap up and then start declining. For now its bit risky to enter right at the top unless there is some big news coming out on Mondays related to Qholding. Over all its very bullish and in a uptrend.
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