Hot Features
Premium
Register to chat with like-minded investors on our interactive forums.
The Quadrise Plc shareholding firm (LSE:QED) skyrockets, approaching a peak trading moment in no time as there has been an extremely overbought reading condition in the stock’s valuation.
It would be a higher-risk trade for investors and buyers to join the present spot of trading even though there is not yet a reversal sign to militate against more possible rises. But making a new longing position order alongside the volatile northward motion at stake doesn’t produce any decent foundation to do so, going by what the trade chart reads.
Resistance Levels: 2.20, 2.40, 2.60
Support Levels: 1.60, 1.40, 1.20
Who has a better chance of trading in the current QED market environment over the EMAs’ points: buyers or sellers?
As it has been observed that there has been an overbought trading session in the Quadrise Plc price, both the two categories of market movers have to be cautious of an abrupt entry, as even though the stock skyrockets, it is approaching a peak moment over the trend lines of the EMAs.
The Stochastic Oscillators have moved into the overbought region, showcasing that a consolidation motion is highly prevailing, given that some rises are ongoing. The 15-day EMA indicator has crossed the 50-day EMA to the upside to reach around 1.60 support levels. Some days may need to go by before seeing the sellers move in to catch up when a formidable bearish trading candlestick re-surfaces from around a higher-resistance trading axis.
Learn from market wizards: Books to take your trading to the next level
