$QNT This morning it was still around 264; now it has pulled back to about 219. The previous hour candlestick closed around 237.6, has broken below the 250 level that was being watched earlier this morning. The prior high-level consolidation view has weakened.
Support to watch below: 180—190
Resistance on rebounds: 250—260
What’s below is the consolidation area before the rally; it’s still far away, so it doesn’t mean it must reach there. If the hourly close returns above 260 and then holds, the weak outlook remains; in the past 24 hours it is still up about 25%, which also doesn’t mean the pullback has ended.
Support to watch below: 180—190
Resistance on rebounds: 250—260
What’s below is the consolidation area before the rally; it’s still far away, so it doesn’t mean it must reach there. If the hourly close returns above 260 and then holds, the weak outlook remains; in the past 24 hours it is still up about 25%, which also doesn’t mean the pullback has ended.
