Good afternoon dear Qatari traders, I'll be posting some analysis concerning the local stocks I get asked about a lot these past days.
Starting with QIGD, too many people have entered in a level they shouldn't have buy in and now they're stuck in it since they lost too much and want to recover at least 50% of their money.
You can see on the chart that there's no chance to buy QIGD since it kept going down and broke through the 1 level of the pitchfork heading to the 1.5 level.
Please before you put your money in a certain market make sure to get a good consultation.