QNT's +16.1% run just hit a wall at the 270.00 daily high.
Price is now coiling right above its short-term EMAs (around 255), after a hard run up from 228.80 on $63M in volume. This is where the tape has to prove itself — either it's building cause for another leg up, or it's distribution before a fade. The RSI at 59 leaves room for a push.
The entire trade is now about that 270.00 level.
Are you buying this consolidation for a breakout, or is this the exit door for today's longs?
$QNT
Follow for the next read — posted the moment the tape moves.
Price is now coiling right above its short-term EMAs (around 255), after a hard run up from 228.80 on $63M in volume. This is where the tape has to prove itself — either it's building cause for another leg up, or it's distribution before a fade. The RSI at 59 leaves room for a push.
The entire trade is now about that 270.00 level.
Are you buying this consolidation for a breakout, or is this the exit door for today's longs?
$QNT
Follow for the next read — posted the moment the tape moves.
