I believe that QNT would have bounced off the bottom of the channel and continued its steady upward trend had it not been for the black swan event of the FTX collapse. But given that it did break through the bottom of the channel and then showed a strong V-shaped rebound immediately after, tells me there's likely enough money interested in QNT that a return to ATL...
Low stochastic RSI on its way up. Volume rising. Approaching lower channel support. In my opinion, we are close to seeing a bullish engulfing within the next few days, and then a steady rise back up toward top of channel.
QNT broke out of downward channel around $70 and flipped resistance to support. It has since been moving up in a newly formed upward channel. It tested the bottom of the channel at $100. We are approaching a retest of the bottom of the channel with either continued sideways action or a drop toward $150. If channel support is broken, a move toward mid-$80s is...
