Quantafuel BUY
A very interesting company, that has had a declining stock price for the past couple of months even though nothing negative has affected the fundamentals of the company.
The company could be very interesting in the long term, and has dropped more than 6% today without any fundamental reason.
Technical reasons for my buying decision
1. price entered support zone
2. Bounced off the POC level of the volume profile on the 4H chart
3: Price has reached the 50% fibonacci retracement level today
4: Price is oversold according to RSI on the 4H chart
TP 1: I will look at how it reacts around the double top (around 80 NOK) if it breaks I will continue holding the stock.
(I own the stock myself, please use this information responsible)
The company could be very interesting in the long term, and has dropped more than 6% today without any fundamental reason.
Technical reasons for my buying decision
1. price entered support zone
2. Bounced off the POC level of the volume profile on the 4H chart
3: Price has reached the 50% fibonacci retracement level today
4: Price is oversold according to RSI on the 4H chart
TP 1: I will look at how it reacts around the double top (around 80 NOK) if it breaks I will continue holding the stock.
(I own the stock myself, please use this information responsible)
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